Michelin (OTCMKTS:MGDDY) Short Interest Update

Michelin (OTCMKTS:MGDDY) was the target of a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 162,778 shares, an increase of 51.3% from the January 15th total of 107,611 shares. Based on an average daily trading volume, of 348,938 shares, the short-interest ratio is currently 0.5 days. Approximately 0.0% of the company’s shares are short sold. Approximately 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 348,938 shares, the short-interest ratio is currently 0.5 days.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on MGDDY. Citigroup reissued a “buy” rating on shares of Michelin in a research note on Thursday, January 29th. Berenberg Bank initiated coverage on Michelin in a research report on Tuesday, January 13th. They issued a “hold” rating for the company. UBS Group lowered Michelin from a “buy” rating to a “neutral” rating in a research note on Tuesday, December 2nd. Zacks Research upgraded shares of Michelin from a “hold” rating to a “strong-buy” rating in a report on Wednesday. Finally, Morgan Stanley reiterated an “equal weight” rating on shares of Michelin in a report on Tuesday, December 2nd. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Michelin presently has an average rating of “Moderate Buy”.

Michelin Stock Performance

OTCMKTS MGDDY opened at $20.40 on Friday. Michelin has a fifty-two week low of $14.82 and a fifty-two week high of $20.48. The company has a current ratio of 1.80, a quick ratio of 1.12 and a debt-to-equity ratio of 0.04. The stock has a 50 day simple moving average of $17.61 and a two-hundred day simple moving average of $17.40.

Michelin Company Profile

Michelin (OTCMKTS: MGDDY) is a French multinational tire manufacturer founded in 1889 and headquartered in Clermont-Ferrand, France. Over more than a century the company has grown into one of the world’s leading tiremakers, serving passenger car, truck, motorcycle, bicycle, agricultural, construction and aviation markets. Michelin has a global footprint with manufacturing facilities, research centers and commercial operations across multiple regions to supply OEMs, replacement markets and large commercial fleets.

The company’s core business is the design, manufacture and sale of tires and related products.