Compagnie Générale des Établissements Michelin Société en commandite par actions (OTCMKTS:MGDDF) Short Interest Down 41.3% in February

Compagnie Générale des Établissements Michelin Société en commandite par actions (OTCMKTS:MGDDF) saw a large drop in short interest in February. As of February 15th, there was short interest totalling 427,900 shares, a drop of 41.3% from the January 31st total of 729,100 shares. Based on an average trading volume of 3,700 shares, the short-interest ratio is presently 115.6 days.

Compagnie Générale des Établissements Michelin Société en commandite par actions Stock Up 2.1 %

OTCMKTS:MGDDF traded up $0.73 during mid-day trading on Friday, reaching $35.78. The stock had a trading volume of 3,220 shares, compared to its average volume of 2,858. The stock’s 50 day simple moving average is $33.98 and its two-hundred day simple moving average is $35.38. Compagnie Générale des Établissements Michelin Société en commandite par actions has a 1-year low of $30.65 and a 1-year high of $43.18.

Institutional Investors Weigh In On Compagnie Générale des Établissements Michelin Société en commandite par actions

A hedge fund recently bought a new stake in Compagnie Générale des Établissements Michelin Société en commandite par actions stock. Generali Investments CEE investicni spolecnost a.s. purchased a new position in shares of Compagnie Générale des Établissements Michelin Société en commandite par actions (OTCMKTS:MGDDF) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 29,068 shares of the company’s stock, valued at approximately $956,000. Hedge funds and other institutional investors own 33.43% of the company’s stock.

About Compagnie Générale des Établissements Michelin Société en commandite par actions

Compagnie Générale des Établissements Michelin SCA engages in the manufacture, distribution and sale of tires. Its products and services include tires, mobility services, lifestyle products, Michelin solutions and Michelin engineering and services. The company operates through the following segments: Passenger car and Light truck tires and related distribution, Truck tires and related distribution, and Specialty businesses.