Michelin (OTCMKTS:MGDDY – Get Free Report) was the target of a large drop in short interest during the month of December. As of December 15th, there was short interest totaling 61,324 shares, a drop of 16.1% from the November 30th total of 73,072 shares. Based on an average daily volume of 627,295 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are short sold. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 627,295 shares, the short-interest ratio is presently 0.1 days.
Michelin Stock Performance
Shares of MGDDY opened at $16.56 on Wednesday. The company’s fifty day moving average is $16.27 and its 200 day moving average is $17.47. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.12 and a current ratio of 1.80. Michelin has a fifty-two week low of $14.82 and a fifty-two week high of $20.00.
Analyst Ratings Changes
A number of research analysts have recently issued reports on the company. Morgan Stanley reaffirmed an “equal weight” rating on shares of Michelin in a report on Tuesday, December 2nd. UBS Group lowered Michelin from a “buy” rating to a “neutral” rating in a research report on Tuesday, December 2nd. Oddo Bhf downgraded shares of Michelin to a “neutral” rating in a report on Tuesday, October 14th. Citigroup reiterated a “buy” rating on shares of Michelin in a research note on Friday, October 10th. Finally, Zacks Research upgraded shares of Michelin from a “strong sell” rating to a “hold” rating in a research report on Monday, December 22nd. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold”.
Michelin Company Profile
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.
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