Publicis Groupe SA (OTCMKTS:PUBGY) Sees Large Increase in Short Interest

Publicis Groupe SA (OTCMKTS:PUBGY) saw a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 1,722,453 shares, a growth of 267.5% from the April 30th total of 468,645 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 607,131 shares, the days-to-cover ratio is currently 2.8 days.

Publicis Groupe Trading Up 1.9%

Shares of Publicis Groupe stock traded up $0.45 during trading on Friday, hitting $24.63. 45,013 shares of the company were exchanged, compared to its average volume of 314,626. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.97 and a quick ratio of 0.94. The firm’s fifty day moving average price is $22.45 and its 200 day moving average price is $23.58. Publicis Groupe has a 1-year low of $19.72 and a 1-year high of $28.73.

Analyst Upgrades and Downgrades

Separately, Barclays downgraded shares of Publicis Groupe from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 4th. Two analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy”.

Publicis Groupe Company Profile

Publicis Groupe (OTCMKTS:PUBGY) is a global advertising and communications holding company headquartered in Paris, France. Founded in 1926 by Marcel Bleustein-Blanchet, the company has grown into one of the world’s largest marketing, communication and digital transformation groups. Publicis provides a wide range of marketing services including creative advertising, media planning and buying, public relations, brand strategy, healthcare communications and experiential marketing.

In recent decades Publicis has expanded its capabilities into digital, data and technology-driven services through its network brands and acquisitions.