Geberit AG (OTCMKTS:GBERY) Sees Significant Growth in Short Interest

Geberit AG (OTCMKTS:GBERY) saw a significant growth in short interest in May. As of May 15th, there was short interest totaling 2,983 shares, a growth of 386.6% from the April 30th total of 613 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 25,688 shares, the short-interest ratio is presently 0.1 days.

Geberit Trading Up 1.7%

OTCMKTS GBERY traded up $1.08 on Friday, hitting $65.42. 20,907 shares of the company traded hands, compared to its average volume of 13,931. The company has a market capitalization of $22.19 billion and a price-to-earnings ratio of 52.67. The business’s 50 day moving average price is $67.00 and its 200-day moving average price is $74.21. Geberit has a 52-week low of $62.49 and a 52-week high of $84.91.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded Geberit to a “hold” rating in a research report on Wednesday, May 13th. Four analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus 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.