Geberit AG (OTCMKTS:GBERY) saw a large growth in short interest during the month of November. As of November 30th, there was short interest totalling 1,400 shares, a growth of 75.0% from the November 15th total of 800 shares. Based on an average daily volume of 11,300 shares, the short-interest ratio is presently 0.1 days.
Wall Street Analysts Forecast Growth
Several research firms have issued reports on GBERY. Societe Generale decreased their price target on shares of Geberit from CHF 575 to CHF 495 in a research note on Friday, November 4th. UBS Group cut their price objective on shares of Geberit from CHF 570 to CHF 555 and set a "buy" rating on the stock in a report on Friday, November 4th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Geberit from CHF 650 to CHF 495 in a report on Wednesday, August 31st. Morgan Stanley cut their price objective on shares of Geberit from CHF 499 to CHF 456 in a report on Monday, November 7th. Finally, Barclays cut their price objective on shares of Geberit from CHF 460 to CHF 455 and set an "equal weight" rating on the stock in a report on Thursday, October 13th.
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Geberit Trading Up 2.7 %
OTCMKTS GBERY traded up $1.32 during mid-day trading on Tuesday, hitting $49.84. The company's stock had a trading volume of 12,533 shares, compared to its average volume of 23,745. Geberit has a 52-week low of $40.21 and a 52-week high of $82.63. The stock's fifty day simple moving average is $46.10 and its two-hundred day simple moving average is $47.89.
Geberit Company Profile
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Geberit AG develops, produces, and distributes sanitary products and systems for the residential and commercial construction industry in Switzerland and internationally. The company offers installation and flushing systems, such as installation technology and flushing systems for toilets, including cisterns and fittings; and piping systems consisting of building drainage and supply systems, as well as piping technology for use in buildings for drinking water, heating, gas, and other media.
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