Coats Group plc (OTCMKTS:CGGGF) Sees Large Increase in Short Interest

Coats Group plc (OTCMKTS:CGGGF) saw a significant growth in short interest in the month of January. As of January 15th, there was short interest totalling 72,400 shares, a growth of 72,300.0% from the December 31st total of 100 shares. Based on an average daily trading volume, of 17,000 shares, the days-to-cover ratio is currently 4.3 days.

Coats Group Price Performance

CGGGF remained flat at $1.13 on Thursday. The stock’s fifty day moving average price is $1.18 and its 200 day moving average price is $1.21. Coats Group has a 52-week low of $0.83 and a 52-week high of $1.35.

About Coats Group

Coats Group plc, together with its subsidiaries, manufactures and supplies industrial sewing threads worldwide. The company provides threads, yarns, zips, trims, composites, and fabrics for use in apparel, such as children's wear, denims, intimate and underwear, ladieswear, leather wear, menswear, sports and activewear, and workwear & uniforms; handbags, luggage, bags, and fashion accessories; dress and casual, protective, and sports footwear; home textiles, mattress and beddings, outdoor goods, and sporting goods; cut protection, fire services, healthcare PPE, industrial thermal, and military purposes; automotive, marine, and tyre cord applications; telecoms and energy cables; and tea bags, and medical and filtration purpose.