Short Interest in Publicis Groupe SA (OTCMKTS:PUBGY) Expands By 31.6%
by Doug Wharley · The Cerbat GemPublicis Groupe SA (OTCMKTS:PUBGY – Get Free Report) saw a significant increase in short interest in the month of March. As of March 31st, there was short interest totaling 1,279,626 shares, an increase of 31.6% from the March 15th total of 972,489 shares. Based on an average daily trading volume, of 609,906 shares, the days-to-cover ratio is currently 2.1 days. Currently, 0.1% of the company’s shares are sold short.
Analyst Ratings Changes
PUBGY has been the subject of several analyst reports. Barclays downgraded shares of Publicis Groupe from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 4th. Citigroup upgraded shares of Publicis Groupe to a “strong-buy” rating in a research note on Monday, January 12th. Two investment analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Publicis Groupe has an average rating of “Buy”.
Get Our Latest Analysis on Publicis Groupe
Publicis Groupe Stock Up 1.7%
OTCMKTS PUBGY traded up $0.40 during trading hours on Friday, reaching $24.07. 12,729 shares of the company traded hands, compared to its average volume of 338,275. Publicis Groupe has a 12 month low of $19.72 and a 12 month high of $28.73. The company has a current ratio of 0.97, a quick ratio of 0.94 and a debt-to-equity ratio of 0.30. The company has a 50 day moving average of $21.57 and a two-hundred day moving average of $23.83.
Publicis Groupe Company Profile
Publicis Groupe (OTCMKTS:PUBGY) is a global advertising and communications holding company headquartered in Paris, France. Founded in 1926 by Marcel Bleustein-Blanchet, the company has grown into one of the world’s largest marketing, communication and digital transformation groups. Publicis provides a wide range of marketing services including creative advertising, media planning and buying, public relations, brand strategy, healthcare communications and experiential marketing.
In recent decades Publicis has expanded its capabilities into digital, data and technology-driven services through its network brands and acquisitions.