Short Interest in Cap Gemini SA (OTCMKTS:CGEMY) Increases By 851.1%

Cap Gemini SA (OTCMKTS:CGEMY) was the target of a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 280,753 shares, a growth of 851.1% from the June 15th total of 29,519 shares. Based on an average trading volume of 942,673 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.0% of the shares of the company are short sold.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CGEMY. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Cap Gemini in a report on Tuesday, June 2nd. Zacks Research lowered shares of Cap Gemini from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 17th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Cap Gemini Price Performance

CGEMY opened at $20.23 on Monday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.21 and a current ratio of 1.21. Cap Gemini has a 1 year low of $19.77 and a 1 year high of $35.90. The stock’s 50 day simple moving average is $22.45 and its 200-day simple moving average is $25.55.

Cap Gemini Company Profile

Cap Gemini (OTCMKTS: CGEMY), commonly known as Capgemini, is a global professional services and consulting firm that provides technology-led business transformation services. The company’s core activities include management and IT consulting, systems integration, application development and maintenance, cloud migration and managed services. Capgemini delivers solutions across the digital value chain, combining strategy, design, engineering and operations to help clients modernize legacy systems, implement cloud platforms, deploy data and AI capabilities, and secure IT environments.

Founded in 1967 by Serge Kampf and headquartered in Paris, Capgemini has grown through organic expansion and strategic acquisitions to broaden its capabilities and geographic footprint.