Colruyt SA Unsponsored ADR (OTCMKTS:CUYTY) Stock Short Interest Jumps 331.4%

Colruyt SA Unsponsored ADR (OTCMKTS:CUYTY) was the recipient of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 755 shares, a growth of 331.4% from the September 30th total of 175 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 420 shares, the days-to-cover ratio is currently 1.8 days.

Colruyt Price Performance

Colruyt stock remained flat at $10.37 during trading on Thursday. The stock’s 50 day moving average price is $10.78 and its 200-day moving average price is $10.07. Colruyt has a 12 month low of $9.32 and a 12 month high of $11.52. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.57 and a current ratio of 0.87.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Royal Bank Of Canada initiated coverage on shares of Colruyt in a research report on Monday, July 6th. They set a “hold” rating for the company. UBS Group lowered shares of Colruyt from a “buy” rating to a “sell” rating in a report on Monday, October 5th. Finally, Zacks Research cut shares of Colruyt from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 17th. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce”.

Colruyt Company Profile

Colruyt Group NV is a Belgian retail and wholesale company best known for its Colruyt Lowest Prices supermarket chain. The group sells food, household products and other everyday consumer goods through a network of supermarkets and specialty stores, as well as through online channels. Its retail portfolio has also included the OKay and Bio-Planet supermarket formats and businesses focused on toys and baby products.

In addition to food retail, Colruyt Group operates wholesale and food-service activities, supplying independent retailers, professional customers and hospitality businesses.