Colruyt SA Unsponsored ADR (OTCMKTS:CUYTY) Sees Large Drop in Short Interest

Colruyt SA Unsponsored ADR (OTCMKTS:CUYTY) was the target of a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 230 shares, a drop of 76.4% from the August 15th total of 973 shares. Based on an average trading volume of 1,106 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the company’s stock are sold short.

Colruyt Price Performance

Shares of CUYTY stock opened at $11.52 on Friday. The company has a current ratio of 0.87, a quick ratio of 0.57 and a debt-to-equity ratio of 0.20. Colruyt has a 1 year low of $9.34 and a 1 year high of $11.52. The firm’s fifty day moving average price is $11.04 and its two-hundred day moving average price is $10.14.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on CUYTY shares. Sanford C. Bernstein started coverage on shares of Colruyt in a research note on Friday, May 15th. They issued a “market perform” rating for the company. Zacks Research downgraded Colruyt from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 17th. Oddo Bhf upgraded Colruyt to an “outperform” rating in a report on Friday, June 12th. Finally, Royal Bank Of Canada started coverage on Colruyt in a research report on Monday, July 6th. They set a “hold” rating for the company. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Colruyt has an average rating of “Hold”.

About Colruyt

Colruyt Group NV is a Belgian retail and wholesale company best known for operating Colruyt supermarkets, which emphasize a low-price strategy and a broad range of food, household and personal-care products. The group also operates OKay convenience supermarkets and Bio-Planet organic food stores, as well as specialty retail formats serving areas such as toys, baby products and home goods.

In addition to its retail activities, Colruyt Group supplies professional customers through Solucious, its food-service and wholesale business.