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Compass Group PLC (OTCMKTS:CMPGY) Sees Large Decrease in Short Interest

Financial News Live ·  Apr 19, 2023 16:03

Compass Group PLC (OTCMKTS:CMPGY – Get Rating) saw a large decrease in short interest in the month of March. As of March 31st, there was short interest totalling 46,200 shares, a decrease of 21.6% from the March 15th total of 58,900 shares. Based on an average daily volume of 367,700 shares, the short-interest ratio is presently 0.1 days.

Compass Group Stock Performance

Shares of Compass Group stock traded down $0.31 during trading hours on Wednesday, hitting $25.42. 409,982 shares of the company's stock traded hands, compared to its average volume of 235,489. The company has a fifty day simple moving average of $23.92 and a 200-day simple moving average of $22.87. Compass Group has a 12-month low of $19.18 and a 12-month high of $25.84. The company has a current ratio of 0.95, a quick ratio of 0.88 and a debt-to-equity ratio of 0.68.

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Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft increased their price target on shares of Compass Group from GBX 1,990 ($24.63) to GBX 2,000 ($24.75) in a research report on Wednesday, January 18th. Sanford C. Bernstein initiated coverage on shares of Compass Group in a research note on Wednesday. They issued an "outperform" rating for the company. HSBC raised Compass Group from a "hold" rating to a "buy" rating in a report on Tuesday, January 31st. Finally, JPMorgan Chase & Co. lifted their target price on Compass Group from GBX 2,150 ($26.61) to GBX 2,200 ($27.22) in a report on Friday, February 10th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Compass Group presently has a consensus rating of "Hold" and a consensus price target of $2,006.25.

About Compass Group

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Compass Group Plc engages in the provision of food service and support services. It caters the sectors of business and industry, healthcare and seniors, education, defense, offshore and remote, sports and leisure, and vending. It operates through the following geographical segments: North America, Europe, Rest of the World, and Central Activities.

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