Sodexo S.A. Sponsored ADR (OTCMKTS:SDXAY) Sees Large Drop in Short Interest

Sodexo S.A. Sponsored ADR (OTCMKTS:SDXAY) was the recipient of a significant decrease in short interest during the month of October. As of October 30th, there was short interest totaling 5,560 shares, a decrease of 85.7% from the October 15th total of 38,959 shares. Based on an average daily volume of 223,126 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on SDXAY. Citigroup reaffirmed a “neutral” rating on shares of Sodexo in a research report on Monday, October 26th. Zacks Research raised Sodexo from a “strong sell” rating to a “hold” rating in a report on Friday, September 18th. Finally, Royal Bank Of Canada reissued a “sector perform” rating on shares of Sodexo in a report on Monday, July 20th. One analyst has rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold”.

Sodexo Trading Down 0.9%

OTCMKTS:SDXAY traded down $0.13 during mid-day trading on Wednesday, hitting $13.58. The stock had a trading volume of 7,424 shares, compared to its average volume of 153,879. Sodexo has a twelve month low of $9.08 and a twelve month high of $13.76. The company’s 50 day simple moving average is $12.92 and its 200 day simple moving average is $11.68.

About Sodexo

Sodexo is a France-based provider of food services and facilities management. It prepares and serves meals and supports clients with services such as building maintenance, cleaning, reception, and workplace operations. The company serves organizations across a range of sectors, including business and industry, healthcare, education, sports and leisure, and government. Its operations span multiple countries, with services tailored to the needs of workplaces, schools, hospitals, and other institutions.