Elior Group SA (OTCMKTS:ELROF) Sees Large Decline in Short Interest

Elior Group SA (OTCMKTS:ELROF) was the target of a large drop in short interest in June. As of June 30th, there was short interest totaling 86,005 shares, a drop of 77.9% from the June 15th total of 389,874 shares. Based on an average daily trading volume, of 0 shares, the short-interest ratio is presently ∞ days.

Analyst Upgrades and Downgrades

Separately, Citigroup cut shares of Elior Group to a “neutral” rating in a research report on Tuesday, May 26th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold”.

Elior Group Price Performance

OTCMKTS:ELROF remained flat at $3.33 during mid-day trading on Friday. The firm has a 50 day simple moving average of $3.33 and a two-hundred day simple moving average of $3.33. Elior Group has a 12-month low of $2.43 and a 12-month high of $3.33.

About Elior Group

Elior Group is a multinational provider of contract catering and support services, serving a diverse range of sectors including corporate, education, healthcare and leisure. The company offers onsite food services, vending solutions, hospitality management and integrated facility services such as cleaning, housekeeping and maintenance. Its business model emphasizes tailored service delivery, combining local market insights with standardized processes to meet the specific needs of clients in each industry segment.

Operating in Europe, North America, South America and India, Elior Group maintains a global footprint through regional business units that adapt its core offerings to local tastes and regulatory environments.