Short Interest in Compagnie de Saint-Gobain S.A. (OTCMKTS:CODYY) Expands By 11,100.0%

Compagnie de Saint-Gobain S.A. (OTCMKTS:CODYYGet Rating) was the recipient of a significant growth in short interest during the month of April. As of April 30th, there was short interest totalling 11,200 shares, a growth of 11,100.0% from the April 15th total of 100 shares. Based on an average daily volume of 479,400 shares, the days-to-cover ratio is presently 0.0 days.

Several equities research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft reduced their target price on Compagnie de Saint-Gobain from €78.00 ($82.11) to €70.00 ($73.68) in a report on Wednesday, April 20th. JPMorgan Chase & Co. lifted their target price on Compagnie de Saint-Gobain from €87.00 ($91.58) to €90.00 ($94.74) and gave the stock an “overweight” rating in a report on Friday, April 29th. Cheuvreux raised Compagnie de Saint-Gobain from a “hold” rating to a “buy” rating and set a €75.00 ($78.95) target price on the stock in a report on Tuesday, April 26th. Berenberg Bank lifted their target price on Compagnie de Saint-Gobain from €60.00 ($63.16) to €62.00 ($65.26) and gave the stock a “hold” rating in a report on Wednesday, March 2nd. Finally, Kepler Capital Markets raised Compagnie de Saint-Gobain from a “hold” rating to a “buy” rating in a research note on Tuesday, April 26th. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $74.63.

Shares of CODYY traded up $0.07 during mid-day trading on Wednesday, reaching $10.99. 342,884 shares of the company’s stock traded hands, compared to its average volume of 294,484. The stock’s 50-day moving average is $11.73 and its two-hundred day moving average is $13.06. Compagnie de Saint-Gobain has a 12 month low of $10.27 and a 12 month high of $15.30.

About Compagnie de Saint-Gobain (Get Rating)

Compagnie de Saint-Gobain SA designs, manufactures, and distributes materials and solutions for wellbeing worldwide. It operates through five segments: High Performance Solutions; Northern Europe; Southern Europe – Middle East (ME) & Africa; Americas; and Asia-Pacific. The company offers glazing solutions for buildings and cars under the Saint-Gobain, GlassSolutions, Vetrotech, and SageGlass brands; plaster-based products for construction and renovation markets under the Placo, Rigips, and Gyproc brands; ceilings under the Ecophon, CertainTeed, Eurocoustic, Sonex, or Vinh Tuong brands; and insulation solutions for a range of applications, such as construction, engine compartments, vehicle interiors, household appliances, and photovoltaic panels under the Isover, CertainTeed, and Izocam brands.

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