Coats Group Plc (OTCMKTS:CGGGF) Sees Large Increase in Short Interest

Coats Group Plc (OTCMKTS:CGGGF) was the recipient of a large growth in short interest in the month of September. As of September 30th, there was short interest totalling 11,500 shares, a growth of 161.4% from the September 15th total of 4,400 shares. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is presently ∞ days.

CGGGF remained flat at $$0.88 on Thursday. The company has a 50 day simple moving average of $1.08 and a 200 day simple moving average of $1.01. Coats Group has a twelve month low of $0.71 and a twelve month high of $1.21.

Several equities research analysts recently issued reports on CGGGF shares. Barclays reiterated an “equal weight” rating on shares of Coats Group in a report on Wednesday, August 4th. Jefferies Financial Group began coverage on Coats Group in a research note on Monday, August 23rd. They set a “buy” rating for the company. Finally, Royal Bank of Canada reissued an “outperform” rating on shares of Coats Group in a research note on Wednesday, August 4th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Coats Group has a consensus rating of “Buy”.

About Coats Group

Coats Group Plc engages in the manufacture and distribution of industrial threads. The firm provides apparel, footwear, and accessories threads. It also offers performance materials including technical threads and yarn used in a range of industries such as automotive, household and recreation, medical, health and food, safety, telecoms, oil and gas, conductive, and composites.

Featured Story: Cost of Goods Sold (COGS)

Receive News & Ratings for Coats Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coats Group and related companies with MarketBeat.com's FREE daily email newsletter.