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

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

Cap Gemini Price Performance

CGEMY traded down $0.16 on Friday, hitting $20.23. 717,181 shares of the company were exchanged, compared to its average volume of 474,320. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.21 and a quick ratio of 1.21. The firm has a fifty day simple moving average of $22.45 and a two-hundred day simple moving average of $25.60. Cap Gemini has a 12 month low of $19.77 and a 12 month high of $35.90.

Analyst Ratings Changes

CGEMY has been the topic of several research reports. Zacks Research downgraded shares of Cap Gemini from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 17th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Cap Gemini in a research note on Tuesday, June 2nd. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Cap Gemini currently has a consensus rating of “Hold”.

About Cap Gemini

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.