JCDecaux SE (OTCMKTS:JCDXF) Sees Significant Drop in Short Interest

JCDecaux SE (OTCMKTS:JCDXF) saw a large drop in short interest in the month of August. As of August 31st, there was short interest totalling 700 shares, a drop of 12.5% from the August 15th total of 800 shares. Based on an average daily trading volume, of 300 shares, the short-interest ratio is currently 2.3 days.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft raised shares of JCDecaux from a “hold” rating to a “buy” rating in a report on Friday, August 25th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $18.03.

JCDecaux Price Performance

Shares of OTCMKTS JCDXF remained flat at $18.05 during mid-day trading on Tuesday. JCDecaux has a fifty-two week low of $11.40 and a fifty-two week high of $22.56. The company has a 50-day moving average of $19.60 and a 200 day moving average of $20.60.

JCDecaux Company Profile

JCDecaux SE engages in the outdoor advertising activities worldwide. It operates through three segments: Street Furniture, Transport, and Billboard. The Street Furniture segment is involved in advertising in shopping malls; renting of street furniture; selling and renting of equipment; and the provision of cleaning, maintenance, and other activities.