Arcadis NV (OTCMKTS:ARCAY) Sees Large Decrease in Short Interest

Arcadis NV (OTCMKTS:ARCAY) was the recipient of a significant decline in short interest in the month of December. As of December 15th, there was short interest totaling 168 shares, a decline of 36.8% from the November 30th total of 266 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 300 shares, the days-to-cover ratio is currently 0.6 days. Based on an average daily volume of 300 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.0% of the company’s shares are short sold.

Analysts Set New Price Targets

Separately, UBS Group cut shares of Arcadis from a “buy” rating to a “hold” rating in a research report on Friday, December 19th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

Arcadis Price Performance

Shares of ARCAY opened at $41.00 on Friday. The stock has a 50 day simple moving average of $45.47 and a 200 day simple moving average of $48.24. Arcadis has a 52-week low of $28.86 and a 52-week high of $75.99. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.86.

About Arcadis

Arcadis NV (OTCMKTS:ARCAY) is a leading global design and consultancy firm specializing in the built and natural environment. The company provides a wide range of professional services, including infrastructure design, water management, environmental consulting, project and program management, and advisory services. Arcadis partners with public- and private-sector clients to develop sustainable solutions for urbanization, resource scarcity, and climate change challenges.

Founded in 1888 with origins in Dutch waterway engineering, Arcadis has evolved into a multinational organization operating in more than 70 countries.