Compagnie de Saint-Gobain – Unsponsored ADR (OTCMKTS:CODYY) Sees Significant Drop in Short Interest

Compagnie de Saint-Gobain – Unsponsored ADR (OTCMKTS:CODYY) saw a large drop in short interest in August. As of August 31st, there was short interest totaling 87,030 shares, a drop of 83.0% from the August 15th total of 511,414 shares. Based on an average daily trading volume, of 1,503,032 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised Compagnie de Saint-Gobain from a “strong sell” rating to a “hold” rating in a report on Monday, August 31st. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Compagnie de Saint-Gobain Stock Down 0.4%

Shares of Compagnie de Saint-Gobain stock opened at $8.21 on Friday. The company has a 50-day simple moving average of $9.76 and a two-hundred day simple moving average of $14.95. Compagnie de Saint-Gobain has a 52-week low of $7.71 and a 52-week high of $11.16. The company has a quick ratio of 0.86, a current ratio of 1.27 and a debt-to-equity ratio of 0.49.

Compagnie de Saint-Gobain Company Profile

Compagnie de Saint-Gobain is a French multinational company that designs, manufactures and distributes solutions for the construction and industrial markets. Its products support building renovation, new construction and infrastructure projects, with a focus on improving energy efficiency, comfort, durability and sustainability.

The company’s activities include glass, insulation, gypsum products, mortars, construction chemicals, ceramics and other high-performance materials. Saint-Gobain also operates distribution businesses that supply building materials, tools and related products to construction professionals and customers in the renovation and home-improvement markets.

Founded in France in 1665, Saint-Gobain has developed into an international group serving customers across Europe, North and South America, Asia and other global markets.