Geberit AG (OTCMKTS:GBERY) Sees Significant Increase in Short Interest

Geberit AG (OTCMKTS:GBERY) was the recipient of a significant increase in short interest during the month of February. As of February 13th, there was short interest totaling 4,597 shares, an increase of 400.2% from the January 29th total of 919 shares. Based on an average daily volume of 11,332 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily volume of 11,332 shares, the days-to-cover ratio is presently 0.4 days.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Geberit to a “hold” rating in a report on Monday, December 8th. Citigroup reiterated a “neutral” rating on shares of Geberit in a research note on Friday, November 14th. Finally, Morgan Stanley restated an “underweight” rating on shares of Geberit in a research report on Friday, January 23rd. Two investment analysts have rated the stock with a Buy rating, three have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, Geberit currently has an average rating of “Reduce”.

Geberit Price Performance

Shares of OTCMKTS GBERY opened at $83.40 on Thursday. The firm has a fifty day moving average of $79.31 and a 200 day moving average of $77.13. Geberit has a one year low of $58.24 and a one year high of $84.91.

About Geberit

Geberit AG is a Swiss-based manufacturer specializing in sanitary products and systems for residential, commercial and industrial applications. Headquartered in Rapperswil-Jona, Switzerland, the company develops and supplies installation systems, bathroom ceramics, faucets and piping solutions. Its product range encompasses concealed cisterns, flush plates, wall-hung toilets, washbasins, shower trays and underfloor heating systems, complemented by digital bathroom controls and smart water management technologies.

Founded in 1874, Geberit evolved from a regional metalworking business into a global market leader in sanitary technology.