Coats Group plc (OTCMKTS:CGGGF) Sees Significant Drop in Short Interest

Coats Group plc (OTCMKTS:CGGGF) was the target of a significant decline in short interest in the month of December. As of December 15th, there was short interest totaling 263,047 shares, a decline of 24.8% from the November 30th total of 349,854 shares. Based on an average daily volume of 37,455 shares, the short-interest ratio is presently 7.0 days. Based on an average daily volume of 37,455 shares, the short-interest ratio is presently 7.0 days.

Coats Group Stock Performance

OTCMKTS:CGGGF opened at $1.08 on Wednesday. The firm’s fifty day moving average price is $1.10 and its 200 day moving average price is $1.08. Coats Group has a 1-year low of $0.96 and a 1-year high of $1.20.

Coats Group Company Profile

Coats Group (OTCMKTS:CGGGF) is a global leader in industrial thread and consumer textile crafts, offering a wide range of products and services to the apparel, footwear, performance materials and consumer goods sectors. The company designs and manufactures high-performance threads, yarns, zips, trims and technical textiles used in applications ranging from fashion garments and athletic footwear to automotive airbags and industrial filtration systems. Coats’ integrated supply chain solutions also include digital design tools, inventory management and logistics services that help customers streamline production and reduce waste.

Founded more than 250 years ago in Scotland, Coats has grown into a multinational enterprise with operations across Europe, North America, Latin America, Asia and Africa.