Short Interest in Cap Gemini SA (OTCMKTS:CGEMY) Drops By 74.3%

Cap Gemini SA (OTCMKTS:CGEMY) was the recipient of a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 7,334 shares, a drop of 74.3% from the May 14th total of 28,524 shares. Based on an average daily volume of 728,909 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

Cap Gemini Stock Performance

CGEMY traded down $0.74 during mid-day trading on Thursday, reaching $22.04. The stock had a trading volume of 15,729 shares, compared to its average volume of 336,672. The firm’s fifty day simple moving average is $23.89 and its two-hundred day simple moving average is $27.42. Cap Gemini has a 52 week low of $21.69 and a 52 week high of $35.90. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.64.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on CGEMY shares. Citigroup reaffirmed a “buy” rating on shares of Cap Gemini in a research note on Tuesday, February 17th. Zacks Research downgraded Cap Gemini from a “strong-buy” rating to a “hold” rating in a report on Friday, April 17th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Cap Gemini in a research report on Tuesday, June 2nd. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold”.

About Cap Gemini

Cap Gemini (OTCMKTS: CGEMY), commonly known as Capgemini, is a global professional services and consulting firm that provides technology-led business transformation services. The company’s core activities include management and IT consulting, systems integration, application development and maintenance, cloud migration and managed services. Capgemini delivers solutions across the digital value chain, combining strategy, design, engineering and operations to help clients modernize legacy systems, implement cloud platforms, deploy data and AI capabilities, and secure IT environments.

Founded in 1967 by Serge Kampf and headquartered in Paris, Capgemini has grown through organic expansion and strategic acquisitions to broaden its capabilities and geographic footprint.