Cap Gemini SA (OTCMKTS:CGEMY) Sees Significant Drop in Short Interest

Cap Gemini SA (OTCMKTS:CGEMY) was the target of a large decline in short interest in May. As of May 15th, there was short interest totaling 28,524 shares, a decline of 50.7% from the April 30th total of 57,820 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 574,249 shares, the days-to-cover ratio is currently 0.0 days.

Cap Gemini Stock Performance

Shares of CGEMY stock opened at $24.77 on Tuesday. Cap Gemini has a 1 year low of $21.94 and a 1 year high of $35.90. The firm has a fifty day moving average price of $23.77 and a 200-day moving average price of $27.77. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.21 and a quick ratio of 1.21.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on CGEMY shares. Zacks Research lowered shares of Cap Gemini from a “strong-buy” rating to a “hold” rating in a report on Friday, April 17th. Citigroup restated a “buy” rating on shares of Cap Gemini in a report on Tuesday, February 17th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, 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.