Short Interest in Capgemini SE (OTCMKTS:CGEMY) Drops By 94.1%

Capgemini SE (OTCMKTS:CGEMY – Get Rating) was the target of a significant decrease in short interest in April. As of April 30th, there was short interest totalling 1,300 shares, a decrease of 94.1% from the April 15th total of 21,900 shares. Based on an average daily volume of 108,400 shares, the short-interest ratio is presently 0.0 days.

A number of research analysts recently commented on CGEMY shares. Citigroup decreased their price objective on Capgemini to €230.00 ($242.11) and set a “buy” rating on the stock in a report on Tuesday, February 15th. Credit Suisse Group started coverage on Capgemini in a report on Thursday, March 31st. They issued an “outperform” rating on the stock. Jefferies Financial Group decreased their price objective on Capgemini from €270.00 ($284.21) to €240.00 ($252.63) in a report on Tuesday, March 1st. Finally, Zacks Investment Research upgraded Capgemini from a “sell” rating to a “hold” rating in a research note on Wednesday. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $235.00.

OTCMKTS:CGEMY traded down $0.53 during trading hours on Thursday, hitting $36.96. The company’s stock had a trading volume of 71,715 shares, compared to its average volume of 61,242. The stock has a fifty day moving average of $40.90 and a 200-day moving average of $44.07. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.38 and a current ratio of 1.38. Capgemini has a 52-week low of $35.96 and a 52-week high of $49.65.

Capgemini Company Profile (Get Rating)

Capgemini SE provides consulting, digital transformation, technology, and engineering services primarily in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The company offers strategy and transformation services, including strategy, technology, data science, and creative design to support various clients within the digital economy.

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