Clicks Group Limited (OTCMKTS:CLCGY) Sees Significant Increase in Short Interest

Clicks Group Limited (OTCMKTS:CLCGY) was the recipient of a large increase in short interest in June. As of June 30th, there was short interest totaling 34,294 shares, an increase of 191.4% from the June 15th total of 11,768 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 71,669 shares, the days-to-cover ratio is currently 0.5 days.

Clicks Group Stock Down 3.5%

Clicks Group stock opened at $26.77 on Tuesday. The firm has a market capitalization of $3.16 billion and a price-to-earnings ratio of 4.65. Clicks Group has a 52-week low of $26.66 and a 52-week high of $44.41. The company has a fifty day simple moving average of $29.34 and a 200-day simple moving average of $35.10.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of Clicks Group to a “hold” rating in a research note on Friday, June 12th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Clicks Group Company Profile

Clicks Group is a South African-based healthcare, beauty and wellness retailer operating primarily under the Clicks banner. The company’s core business comprises a network of pharmacies, health and beauty stores, and distribution services. Through its retail outlets, Clicks Group offers a range of products that includes prescription and over-the-counter medicines, personal care items, cosmetics, baby and household products, and nutritional supplements.

In addition to its branded pharmacies and retail stores, Clicks Group owns and operates a wholesale and distribution business that supplies products to its own stores and to third-party retailers across the region.