Sodexo S.A. Sponsored ADR (OTCMKTS:SDXAY) Sees Significant Growth in Short Interest

Sodexo S.A. Sponsored ADR (OTCMKTS:SDXAY) was the recipient of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 31,279 shares, an increase of 323.1% from the August 31st total of 7,393 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 49,183 shares, the days-to-cover ratio is currently 0.6 days.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on SDXAY shares. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Sodexo in a research report on Friday, July 3rd. Royal Bank Of Canada restated a “sector perform” rating on shares of Sodexo in a research note on Monday, July 20th. Zacks Research raised shares of Sodexo from a “strong sell” rating to a “hold” rating in a report on Friday, September 18th. Morgan Stanley reiterated an “underweight” rating on shares of Sodexo in a research report on Tuesday, July 7th. Finally, Citigroup reiterated a “neutral” rating on shares of Sodexo in a research note on Wednesday, September 9th. One analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Sodexo currently has a consensus rating of “Hold”.

Sodexo Stock Performance

Shares of OTCMKTS SDXAY opened at $12.77 on Friday. Sodexo has a 52 week low of $9.08 and a 52 week high of $13.69. The business has a 50-day simple moving average of $13.07 and a two-hundred day simple moving average of $11.60.

About Sodexo

Sodexo (OTCMKTS:SDXAY) is a France-based provider of food services and facilities management. The company serves organizations across the corporate, healthcare, education, government, energy and resources, sports, and leisure sectors.

Its services include on-site catering, dining and hospitality, workplace and building management, cleaning, maintenance, reception, security, and other integrated support services. Sodexo also operates Sodexo Live!, which provides food, hospitality, and event-management services for venues and major events.

Founded in 1966 by Pierre Bellon, Sodexo has expanded from its French roots into an international business serving clients in markets across the Americas, Europe, Asia-Pacific, and other regions.