Compagnie Générale des Établissements Michelin Société en commandite par actions (OTCMKTS:MGDDF) Sees Large Drop in Short Interest

Compagnie Générale des Établissements Michelin Société en commandite par actions (OTCMKTS:MGDDF) was the recipient of a significant drop in short interest in September. As of September 15th, there was short interest totalling 229,500 shares, a drop of 40.4% from the August 31st total of 385,300 shares. Based on an average trading volume of 2,100 shares, the days-to-cover ratio is currently 109.3 days.

Compagnie Générale des Établissements Michelin Société en commandite par actions Price Performance

MGDDF traded up $0.73 during midday trading on Thursday, hitting $43.18. 296 shares of the company’s stock traded hands, compared to its average volume of 1,061. The stock’s fifty day simple moving average is $39.20 and its 200-day simple moving average is $38.97. Compagnie Générale des Établissements Michelin Société en commandite par actions has a one year low of $28.31 and a one year high of $43.18.

Compagnie Générale des Établissements Michelin Société en commandite par actions Company Profile

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.