Short Interest in Compass Group PLC (OTCMKTS:CMPGY) Drops By 86.7%

Compass Group PLC (OTCMKTS:CMPGY) was the target of a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 15,708 shares, a decrease of 86.7% from the August 15th total of 117,851 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 417,317 shares, the days-to-cover ratio is presently 0.0 days.

Analyst Ratings Changes

Separately, Compass Point set a $36.00 price objective on shares of Compass Group in a research note on Thursday. Two investment analysts have rated the stock with a Strong Buy rating and two have issued a Buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Strong Buy” and an average target price of $36.00.

Compass Group Stock Performance

Shares of Compass Group stock opened at $30.85 on Friday. The stock’s 50-day moving average is $31.60 and its 200 day moving average is $30.89. Compass Group has a one year low of $26.95 and a one year high of $35.94. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.63 and a current ratio of 0.70.

Compass Group Company Profile

Compass Group plc is a United Kingdom-based provider of food services and support services. The company designs, manages and delivers dining programs for organizations and institutions, including contract catering, workplace dining, food and beverage services, and hospitality operations.

Its services are provided across multiple end markets, including business and industry, healthcare, education, sports and leisure, defense, and remote-site operations. Compass Group serves clients through brands and operating businesses such as Eurest, Chartwells, Canteen, Levy and Restaurant Associates, offering services that range from everyday meal programs to event catering and facility-support solutions.

Founded in the United Kingdom in 1941, Compass Group has expanded into an international business serving customers across North America, Europe, Asia-Pacific and other global markets.