Getinge AB (publ) (OTCMKTS:GNGBY) Short Interest Up 775.0% in May

Getinge AB (publ) (OTCMKTS:GNGBYGet Rating) saw a significant increase in short interest in the month of May. As of May 15th, there was short interest totalling 3,500 shares, an increase of 775.0% from the April 30th total of 400 shares. Based on an average trading volume of 94,300 shares, the days-to-cover ratio is currently 0.0 days.

GNGBY stock traded up $0.30 on Wednesday, hitting $28.64. 30,144 shares of the company’s stock were exchanged, compared to its average volume of 31,194. The firm has a 50 day moving average price of $34.51 and a two-hundred day moving average price of $38.32. Getinge AB has a 12-month low of $27.29 and a 12-month high of $48.89. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.97 and a current ratio of 1.42. The stock has a market cap of $7.28 billion, a P/E ratio of 23.87 and a beta of 1.10.

The business also recently disclosed a dividend, which was paid on Wednesday, May 18th. Stockholders of record on Thursday, April 28th were issued a $0.3116 dividend. The ex-dividend date was Wednesday, April 27th. This represents a dividend yield of 0.85%. Getinge AB (publ)’s dividend payout ratio (DPR) is presently 25.00%.

GNGBY has been the subject of a number of analyst reports. Jefferies Financial Group assumed coverage on Getinge AB (publ) in a research report on Wednesday, March 9th. They issued a “hold” rating for the company. JPMorgan Chase & Co. lowered their price objective on Getinge AB (publ) from SEK 430 to SEK 425 and set an “overweight” rating for the company in a research note on Wednesday, April 27th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to, the company presently has an average rating of “Buy” and an average target price of $171.11.

About Getinge AB (publ) (Get Rating)

Getinge AB (publ) provides products and solutions for operating rooms, intensive-care units, and sterilization departments. The company operates through Acute Care Therapies, Life Science, and Surgical Workflows segments. It offers sterile transfer systems, closure processing systems, washers, isolators, sterilizers, logistic automation solutions, bioreactors, bioprocess control systems, bioprocess software, biobundles, bioprocess analytics, and perfusion systems; practice-oriented monitoring systems and disposables, anesthesia machines, beating heart stabilizers and positioners, axius blower mister and coronary shunts, proximal seal systems, ceiling supply units, connected solutions, cleaning and disinfection products, packaging and sealing solutions, monitors and indicators, and SteriTec products.

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