Short Interest in Sodexo S.A. Sponsored ADR (OTCMKTS:SDXAY) Decreases By 42.5%

Sodexo S.A. Sponsored ADR (OTCMKTS:SDXAY) was the recipient of a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 48,013 shares, a drop of 42.5% from the July 15th total of 83,568 shares. Based on an average trading volume of 71,753 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.0% of the company’s shares are sold short.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Citigroup reiterated a “neutral” rating on shares of Sodexo in a report on Tuesday, July 14th. Morgan Stanley restated an “underweight” rating on shares of Sodexo in a report on Tuesday, July 7th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Sodexo in a research report on Friday, July 3rd. Finally, Royal Bank Of Canada reiterated a “sector perform” rating on shares of Sodexo in a research report on Monday, July 20th. One investment analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold”.

Sodexo Trading Down 0.2%

Shares of SDXAY opened at $13.02 on Tuesday. The company’s fifty day moving average is $12.28 and its two-hundred day moving average is $11.15. Sodexo has a fifty-two week low of $9.08 and a fifty-two week high of $13.29.

About Sodexo

Sodexo is a global provider of integrated facilities management and food services, offering a wide range of solutions designed to enhance quality of life for clients across corporate, education, healthcare, remote site and sports & leisure markets. The company’s core activities include workplace dining and catering, reception and concierge services, cleaning and technical maintenance, security, grounds maintenance, and energy management. Sodexo partners with organizations to streamline operations, improve employee engagement and well-being, and ensure safe, sustainable environments.

Founded in 1966 by Pierre Bellon in Marseille, France, Sodexo has grown through both organic expansion and strategic acquisitions.