Cap Gemini SA (OTCMKTS:CGEMY) Short Interest Down 50.7% in May

Cap Gemini SA (OTCMKTS:CGEMY) was the recipient of a significant drop in short interest in May. As of May 15th, there was short interest totaling 28,524 shares, a drop of 50.7% from the April 30th total of 57,820 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 574,249 shares, the days-to-cover ratio is presently 0.0 days.

Cap Gemini Price Performance

Shares of OTCMKTS CGEMY opened at $23.44 on Wednesday. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.64. Cap Gemini has a 12 month low of $21.94 and a 12 month high of $35.90. The stock has a 50 day moving average of $23.77 and a 200-day moving average of $27.77.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Citigroup restated a “buy” rating on shares of Cap Gemini in a research note on Tuesday, February 17th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Cap Gemini in a research note on Tuesday. Finally, Zacks Research downgraded Cap Gemini from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 17th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold”.

Cap Gemini Company Profile

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.