Short Interest in Geberit AG (OTCMKTS:GBERY) Expands By 279.0%

Geberit AG (OTCMKTS:GBERY) saw a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 28,242 shares, an increase of 279.0% from the August 15th total of 7,451 shares. Based on an average daily trading volume, of 18,273 shares, the short-interest ratio is presently 1.5 days. Approximately 0.0% of the shares of the stock are short sold.

Geberit Stock Down 0.5%

Geberit stock opened at $66.90 on Friday. The company has a fifty day simple moving average of $67.30 and a 200-day simple moving average of $67.95. Geberit has a 52-week low of $61.41 and a 52-week high of $84.91.

Analysts Set New Price Targets

Several research firms have commented on GBERY. Citigroup reiterated a “neutral” rating on shares of Geberit in a research note on Monday, August 24th. Morgan Stanley restated an “underweight” rating on shares of Geberit in a research report on Thursday, July 2nd. Three equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce”.

About Geberit

Geberit AG is a Switzerland-based manufacturer of sanitary products and systems. The company develops solutions for water supply, drainage, and bathroom environments, serving residential, commercial, and public construction projects.

Its product portfolio includes sanitary installation systems, concealed cisterns and controls, piping systems, faucets, shower and bathroom solutions, and bathroom ceramics and furniture. Geberit sells products under its own brand and supplies plumbing professionals, distributors, architects, and construction companies.

Founded in 1874, Geberit has grown from a Swiss plumbing-products business into an international group focused primarily on the European market, with operations and customers across numerous countries.