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

Coats Group plc (OTCMKTS:CGGGF) was the target of a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 10,000 shares, a growth of 38.9% from the February 13th total of 7,200 shares. Based on an average daily volume of 0 shares, the short-interest ratio is currently ∞ days.

Coats Group Price Performance

OTCMKTS:CGGGF opened at $1.13 on Monday. The stock has a 50-day simple moving average of $1.13 and a two-hundred day simple moving average of $1.20. 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.