Compagnie de Saint-Gobain – Unsponsored ADR (OTCMKTS:CODYY) Sees Significant Increase in Short Interest

Compagnie de Saint-Gobain – Unsponsored ADR (OTCMKTS:CODYY) was the target of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 36,960 shares, a growth of 179.9% from the September 30th total of 13,205 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 2,852,682 shares, the days-to-cover ratio is currently 0.0 days.

Compagnie de Saint-Gobain Stock Performance

Shares of CODYY stock traded down $0.13 during mid-day trading on Friday, hitting $7.50. 738,214 shares of the stock were exchanged, compared to its average volume of 1,011,908. Compagnie de Saint-Gobain has a 12-month low of $7.15 and a 12-month high of $10.85. The stock’s fifty day simple moving average is $8.03 and its two-hundred day simple moving average is $14.40.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Zacks Research upgraded shares of Compagnie de Saint-Gobain from a “strong sell” rating to a “hold” rating in a research report on Monday, August 31st. Royal Bank Of Canada downgraded shares of Compagnie de Saint-Gobain from a “moderate buy” rating to a “hold” rating in a report on Friday, October 9th. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce”.

About Compagnie de Saint-Gobain

Compagnie de Saint-Gobain is a France-based company that designs, manufactures and distributes materials and solutions for the construction, renovation and industrial markets. Its portfolio includes insulation, gypsum and plasterboard, mortars, construction chemicals, glass, ceramics, exterior products and other systems intended to improve the performance, comfort and sustainability of buildings.

The company serves residential, commercial and infrastructure customers through manufacturing operations, distribution networks and specialized brands.