Geberit AG (OTCMKTS:GBERY) Short Interest Up 79.5% in May

Geberit AG (OTCMKTS:GBERY) saw a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 5,353 shares, an increase of 79.5% from the May 14th total of 2,983 shares. Based on an average trading volume of 43,237 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Geberit Stock Up 0.6%

Shares of GBERY stock opened at $65.43 on Wednesday. The stock has a market cap of $22.20 billion and a PE ratio of 52.67. The business has a 50-day simple moving average of $66.24 and a 200-day simple moving average of $73.00. Geberit has a 52-week low of $61.41 and a 52-week high of $84.91.

Analysts Set New Price Targets

Separately, Zacks Research raised Geberit to a “hold” rating in a research report on Wednesday, May 13th. Four analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Reduce”.

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.