Geberit AG (OTCMKTS:GBERY) Sees Large Decline in Short Interest

Geberit AG (OTCMKTS:GBERY) was the target of a significant decline in short interest during the month of December. As of December 31st, there was short interest totaling 1,563 shares, a decline of 81.2% from the December 15th total of 8,302 shares. Based on an average daily trading volume, of 9,059 shares, the short-interest ratio is currently 0.2 days. Based on an average daily trading volume, of 9,059 shares, the short-interest ratio is currently 0.2 days.

Geberit Price Performance

GBERY stock opened at $79.90 on Tuesday. The stock has a 50-day moving average price of $77.86 and a two-hundred day moving average price of $76.70. Geberit has a 12-month low of $53.38 and a 12-month high of $81.47.

Analyst Ratings Changes

Several brokerages have weighed in on GBERY. Deutsche Bank Aktiengesellschaft upgraded Geberit to a “hold” rating in a report on Monday, December 8th. Citigroup reiterated a “neutral” rating on shares of Geberit in a research note on Friday, November 14th. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Reduce”.

About Geberit

Geberit AG is a Swiss-based manufacturer specializing in sanitary products and systems for residential, commercial and industrial applications. Headquartered in Rapperswil-Jona, Switzerland, the company develops and supplies installation systems, bathroom ceramics, faucets and piping solutions. Its product range encompasses concealed cisterns, flush plates, wall-hung toilets, washbasins, shower trays and underfloor heating systems, complemented by digital bathroom controls and smart water management technologies.

Founded in 1874, Geberit evolved from a regional metalworking business into a global market leader in sanitary technology.