Geberit AG (OTCMKTS:GBERY) Short Interest Up 279.0% in August

Geberit AG (OTCMKTS:GBERY) saw a large increase in short interest in August. As of August 31st, there was short interest totaling 28,242 shares, an increase of 279.0% from the August 15th total of 7,451 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 18,273 shares, the short-interest ratio is currently 1.5 days.

Geberit Stock Performance

GBERY stock opened at $66.90 on Friday. Geberit has a 52-week low of $61.41 and a 52-week high of $84.91. The stock’s fifty day simple moving average is $67.30 and its 200-day simple moving average is $67.95.

Analyst Ratings Changes

GBERY has been the topic of several analyst reports. Morgan Stanley reaffirmed an “underweight” rating on shares of Geberit in a research note on Thursday, July 2nd. Citigroup reissued a “neutral” rating on shares of Geberit in a research report on Monday, August 24th. Three investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce”.

Geberit Company Profile

Geberit AG is a Switzerland-based manufacturer of sanitary products and systems. The company develops solutions for water supply, drainage, and bathroom environments, serving residential, commercial, and public construction projects.

Its product portfolio includes sanitary installation systems, concealed cisterns and controls, piping systems, faucets, shower and bathroom solutions, and bathroom ceramics and furniture. Geberit sells products under its own brand and supplies plumbing professionals, distributors, architects, and construction companies.

Founded in 1874, Geberit has grown from a Swiss plumbing-products business into an international group focused primarily on the European market, with operations and customers across numerous countries.