Cap Gemini SA (OTCMKTS:CGEMY) Sees Significant Decrease in Short Interest

Cap Gemini SA (OTCMKTS:CGEMY) was the target of a significant drop in short interest in September. As of September 30th, there was short interest totaling 69,494 shares, a drop of 42.6% from the September 15th total of 120,977 shares. Based on an average daily trading volume, of 248,841 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.0% of the shares of the stock are short sold.

Cap Gemini Stock Up 3.3%

Shares of Cap Gemini stock traded up $0.88 on Thursday, reaching $27.15. 53,834 shares of the company were exchanged, compared to its average volume of 301,135. The stock has a fifty day moving average price of $24.77 and a 200-day moving average price of $23.48. Cap Gemini has a fifty-two week low of $19.42 and a fifty-two week high of $35.90.

Wall Street Analyst Weigh In

A number of research firms recently commented on CGEMY. Citigroup reiterated a “buy” rating on shares of Cap Gemini in a report on Friday, October 2nd. Jefferies Financial Group restated a “hold” rating on shares of Cap Gemini in a report on Thursday, August 20th. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Cap Gemini currently has a consensus rating of “Hold”.

About Cap Gemini

Capgemini SE is a global provider of consulting, technology, digital transformation and engineering services. The company helps organizations design and implement technology strategies, modernize legacy systems and improve business operations through software, cloud computing, data and artificial intelligence.

Its offerings include management and technology consulting, applications and systems integration, cloud services, cybersecurity, data and analytics, artificial intelligence, engineering and research and development services.