Geberit AG (OTCMKTS:GBERY) Short Interest Up 642.9% in March

Geberit AG (OTCMKTS:GBERY) was the recipient of a large increase in short interest in March. As of March 15th, there was short interest totalling 10,400 shares, an increase of 642.9% from the February 28th total of 1,400 shares. Based on an average trading volume of 10,900 shares, the short-interest ratio is currently 1.0 days.

Geberit Stock Up 1.5 %

Shares of Geberit stock traded up $0.97 during trading hours on Friday, reaching $64.47. 3,184 shares of the company were exchanged, compared to its average volume of 9,882. Geberit has a 1 year low of $52.36 and a 1 year high of $67.22. The stock’s fifty day moving average is $59.80 and its 200 day moving average is $60.04.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Morgan Stanley reaffirmed an “underweight” rating on shares of Geberit in a research report on Friday, March 7th. Barclays restated an “underweight” rating on shares of Geberit in a report on Friday, March 7th.

About Geberit

Geberit AG develops, produces, and distributes sanitary products and systems for the residential and commercial construction industry in Switzerland and internationally. The company offers installation and flushing systems, such as installation technology and flushing systems for toilets, including cisterns and fittings; and piping systems consisting of building drainage and supply systems, as well as piping technology for use in buildings for drinking water, heating, gas, and other media.