Fluidra, S.A. (OTCMKTS:FLUIF) Sees Large Increase in Short Interest

Fluidra, S.A. (OTCMKTS:FLUIF – Get Rating) was the target of a large growth in short interest during the month of December. As of December 30th, there was short interest totalling 515,400 shares, a growth of 6.8% from the December 15th total of 482,600 shares. Based on an average daily volume of 700 shares, the short-interest ratio is currently 736.3 days.

Analyst Ratings Changes

Several analysts have recently weighed in on FLUIF shares. Berenberg Bank reduced their target price on Fluidra from €33.00 ($35.87) to €20.00 ($21.74) and set a “buy” rating for the company in a report on Tuesday, October 25th. JPMorgan Chase & Co. downgraded Fluidra from an “overweight” rating to a “neutral” rating in a research note on Thursday, October 20th.

Fluidra Price Performance

FLUIF opened at $17.28 on Wednesday. The business has a 50 day moving average price of $14.78 and a two-hundred day moving average price of $16.23. Fluidra has a 52 week low of $12.61 and a 52 week high of $32.30.

Fluidra Company Profile

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Fluidra, SA, together with its subsidiaries, manufactures and markets accessories and machineries for swimming pools, irrigation, and water treatment and purification for private and public customers worldwide. The company manufactures and distributes various components required for the construction, renovation, improvement, and maintenance of residential and commercial pools; markets fluid handling products and pool materials; and provides financial advisory services in the acquisition of shares.