Cap Gemini SA (OTCMKTS:CGEMY) Sees Significant Increase in Short Interest

Cap Gemini SA (OTCMKTS:CGEMY) was the target of a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 112,100 shares, a growth of 718.2% from the August 31st total of 13,700 shares. Based on an average daily volume of 1,240,700 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 1,240,700 shares, the days-to-cover ratio is currently 0.1 days.

Cap Gemini Trading Up 1.0%

Shares of CGEMY stock opened at $29.31 on Friday. The stock has a 50 day simple moving average of $29.00 and a 200 day simple moving average of $31.05. Cap Gemini has a 1 year low of $25.98 and a 1 year high of $41.71.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded Cap Gemini from a “hold” rating to a “strong-buy” rating in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, Cap Gemini presently has an average rating of “Strong Buy”.

About Cap Gemini

Capgemini SE, together with its subsidiaries, engages in the provision of consulting, digital transformation, technology, and engineering services primarily in North America, France, the United Kingdom, Ireland, the rest of Europe, the Asia-Pacific, and Latin America. The company offers strategy and transformation services in strategy, technology, data science, and creative design fields to support companies and organizations in creating new models and new products within the digital economy.