Geberit AG (OTCMKTS:GBERY) Shares Shorted: Short Interest Down 80.7% in October

Geberit AG (OTCMKTS:GBERY) saw a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 4,005 shares, a decrease of 80.7% from the September 30th total of 20,737 shares. Based on an average daily trading volume, of 59,017 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s stock are short sold.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on GBERY shares. Citigroup reiterated a “neutral” rating on shares of Geberit in a research note on Monday, August 24th. Morgan Stanley reissued an “underweight” rating on shares of Geberit in a research report on Thursday, July 2nd. Three equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Reduce”.

Geberit Stock Performance

Shares of GBERY stock opened at $68.68 on Tuesday. The firm has a fifty day simple moving average of $67.29 and a 200-day simple moving average of $69.46. Geberit has a twelve month low of $61.41 and a twelve month high of $84.91.

About Geberit

Geberit AG is a Switzerland-based manufacturer of sanitary products and systems for residential, commercial and public buildings. The company develops solutions designed to manage water use, drainage and bathroom installations, serving professional customers such as plumbers, architects, developers and distributors.

Its product portfolio includes concealed cisterns and installation systems, drainage and supply piping systems, bathroom ceramics, faucets, shower solutions and other bathroom products.