Coats Group plc (OTCMKTS:CGGGF) Short Interest Update

Coats Group plc (OTCMKTS:CGGGF) was the target of a large drop in short interest in February. As of February 13th, there was short interest totaling 256,642 shares, a drop of 16.3% from the January 29th total of 306,626 shares. Based on an average trading volume of 9,204 shares, the days-to-cover ratio is presently 27.9 days. Based on an average trading volume of 9,204 shares, the days-to-cover ratio is presently 27.9 days.

Coats Group Price Performance

Shares of OTCMKTS CGGGF opened at $1.20 on Thursday. Coats Group has a 12 month low of $0.96 and a 12 month high of $1.29. The business has a fifty day simple moving average of $1.16 and a 200-day simple moving average of $1.12.

About Coats Group

Coats Group (OTCMKTS:CGGGF) is a global leader in industrial thread and consumer textile crafts, offering a wide range of products and services to the apparel, footwear, performance materials and consumer goods sectors. The company designs and manufactures high-performance threads, yarns, zips, trims and technical textiles used in applications ranging from fashion garments and athletic footwear to automotive airbags and industrial filtration systems. Coats’ integrated supply chain solutions also include digital design tools, inventory management and logistics services that help customers streamline production and reduce waste.

Founded more than 250 years ago in Scotland, Coats has grown into a multinational enterprise with operations across Europe, North America, Latin America, Asia and Africa.