Sodexo S.A. Sponsored ADR (OTCMKTS:SDXAY) Shares Shorted: Short Interest Up 323.1% in September

Sodexo S.A. Sponsored ADR (OTCMKTS:SDXAY) was the target of a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 31,279 shares, a growth of 323.1% from the August 31st total of 7,393 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 49,183 shares, the short-interest ratio is currently 0.6 days.

Sodexo Price Performance

Sodexo stock opened at $12.77 on Friday. Sodexo has a 52 week low of $9.08 and a 52 week high of $13.69. The company’s 50 day moving average price is $13.07 and its two-hundred day moving average price is $11.60.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Morgan Stanley reissued an “underweight” rating on shares of Sodexo in a research note on Tuesday, July 7th. Citigroup reaffirmed a “neutral” rating on shares of Sodexo in a research report on Wednesday, September 9th. Zacks Research upgraded Sodexo from a “strong sell” rating to a “hold” rating in a report on Friday, September 18th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Sodexo in a research report on Monday, July 20th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Sodexo in a research note on Friday, July 3rd. One analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Sodexo presently has an average rating of “Hold”.

Sodexo Company Profile

Sodexo (OTCMKTS:SDXAY) is a France-based provider of food services and facilities management. The company serves organizations across the corporate, healthcare, education, government, energy and resources, sports, and leisure sectors.

Its services include on-site catering, dining and hospitality, workplace and building management, cleaning, maintenance, reception, security, and other integrated support services. Sodexo also operates Sodexo Live!, which provides food, hospitality, and event-management services for venues and major events.

Founded in 1966 by Pierre Bellon, Sodexo has expanded from its French roots into an international business serving clients in markets across the Americas, Europe, Asia-Pacific, and other regions.