Geberit AG (OTCMKTS:GBERY – Get Free Report) was the target of a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 7,451 shares, an increase of 195.8% from the July 30th total of 2,519 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 15,848 shares, the short-interest ratio is currently 0.5 days.
Geberit Price Performance
GBERY stock traded down $0.76 during trading on Thursday, reaching $71.94. The company had a trading volume of 2,351 shares, compared to its average volume of 14,450. Geberit has a 52 week low of $61.41 and a 52 week high of $84.91. The business has a 50 day moving average of $66.50 and a 200 day moving average of $68.96.
Analysts Set New Price Targets
Several brokerages have recently commented on GBERY. Morgan Stanley reaffirmed an “underweight” rating on shares of Geberit in a research note on Thursday, July 2nd. Citigroup reaffirmed a “neutral” rating on shares of Geberit in a research report on Monday. Finally, Zacks Research upgraded Geberit to a “hold” rating in a report on Wednesday, May 13th. Three equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Geberit 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.
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