Michelin (OTCMKTS:MGDDY) Short Interest Down 36.9% in April

Michelin (OTCMKTS:MGDDY) was the target of a large decrease in short interest in the month of April. As of April 30th, there was short interest totaling 53,897 shares, a decrease of 36.9% from the April 15th total of 85,421 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 289,347 shares, the short-interest ratio is presently 0.2 days.

Analyst Upgrades and Downgrades

MGDDY has been the subject of a number of analyst reports. Zacks Research cut shares of Michelin from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 6th. Barclays upgraded Michelin from an “underweight” rating to an “equal weight” rating in a research report on Tuesday, April 14th. Finally, Citigroup reiterated a “buy” rating on shares of Michelin in a research report on Thursday, January 29th. One equities research analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Michelin Trading Up 3.3%

OTCMKTS:MGDDY traded up $0.61 on Monday, reaching $18.92. The stock had a trading volume of 127,384 shares, compared to its average volume of 155,657. Michelin has a 1-year low of $14.82 and a 1-year high of $20.48. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.90 and a quick ratio of 1.22. The stock has a fifty day moving average price of $17.79 and a 200-day moving average price of $17.59.

About Michelin

Michelin (OTCMKTS: MGDDY) is a French multinational tire manufacturer founded in 1889 and headquartered in Clermont-Ferrand, France. Over more than a century the company has grown into one of the world’s leading tiremakers, serving passenger car, truck, motorcycle, bicycle, agricultural, construction and aviation markets. Michelin has a global footprint with manufacturing facilities, research centers and commercial operations across multiple regions to supply OEMs, replacement markets and large commercial fleets.

The company’s core business is the design, manufacture and sale of tires and related products.