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

Compagnie Générale des Établissements Michelin Société en commandite par actions (OTCMKTS:MGDDF) was the target of a significant drop in short interest in the month of 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 days-to-cover ratio is currently 115.6 days.

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

Shares of OTCMKTS MGDDF traded up $1.52 during mid-day trading on Tuesday, reaching $37.30. The company’s stock had a trading volume of 900 shares, compared to its average volume of 2,785. Compagnie Générale des Établissements Michelin Société en commandite par actions has a 52 week low of $30.65 and a 52 week high of $43.18. The stock has a fifty day moving average of $34.09 and a two-hundred day moving average of $35.35.

Institutional Inflows and Outflows

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

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.