Publicis Groupe S.A. (OTCMKTS:PUBGY) Short Interest Down 17.8% in October

Publicis Groupe S.A. (OTCMKTS:PUBGY) was the recipient of a significant decline in short interest during the month of October. As of October 31st, there was short interest totalling 30,500 shares, a decline of 17.8% from the October 15th total of 37,100 shares. Based on an average daily trading volume, of 144,300 shares, the days-to-cover ratio is presently 0.2 days.

Publicis Groupe Stock Performance

OTCMKTS PUBGY traded down $1.30 during mid-day trading on Friday, reaching $25.86. 114,470 shares of the stock were exchanged, compared to its average volume of 89,842. The business’s 50 day moving average is $27.10 and its 200-day moving average is $27.14. Publicis Groupe has a 1 year low of $19.58 and a 1 year high of $29.25.

Analyst Upgrades and Downgrades

Separately, Citigroup upgraded Publicis Groupe to a “hold” rating in a research note on Wednesday, October 9th.

About Publicis Groupe

Publicis Groupe SA provides marketing, communications, and digital business transformation services in North America, Europe, the Asia Pacific, Latin America, Africa, and the Middle East. The company offers advisory services for brand strategy, and repositioning and their identity under the Publicis Worldwide, Saatchi & Saatchi, Leo Burnett, Marcel, Fallon, and BBH brands; online advertising services under the Razorfish and Moxie brand names; crisis communications, press relations, public affairs, institutional relations, financial communications, and strategy management services; media consulting, planning, and buying services; performance marketing services; and e-commerce services.