Short Interest in Cap Gemini SA (OTCMKTS:CGEMY) Expands By 851.1%

Cap Gemini SA (OTCMKTS:CGEMY) was the target of a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 280,753 shares, a growth of 851.1% from the June 15th total of 29,519 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 942,673 shares, the days-to-cover ratio is currently 0.3 days.

Cap Gemini Price Performance

Shares of CGEMY traded down $0.16 on Friday, hitting $20.23. The company’s stock had a trading volume of 717,181 shares, compared to its average volume of 474,320. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.64. Cap Gemini has a fifty-two week low of $19.77 and a fifty-two week high of $35.90. The company has a 50 day moving average price of $22.45 and a 200 day moving average price of $25.60.

Wall Street Analysts Forecast Growth

CGEMY has been the topic of a number of analyst reports. Zacks Research cut Cap Gemini from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 17th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Cap Gemini in a research note on Tuesday, June 2nd. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold”.

Cap Gemini Company Profile

Cap Gemini (OTCMKTS: CGEMY), commonly known as Capgemini, is a global professional services and consulting firm that provides technology-led business transformation services. The company’s core activities include management and IT consulting, systems integration, application development and maintenance, cloud migration and managed services. Capgemini delivers solutions across the digital value chain, combining strategy, design, engineering and operations to help clients modernize legacy systems, implement cloud platforms, deploy data and AI capabilities, and secure IT environments.

Founded in 1967 by Serge Kampf and headquartered in Paris, Capgemini has grown through organic expansion and strategic acquisitions to broaden its capabilities and geographic footprint.