Short Interest in Glanbia plc (OTCMKTS:GLAPF) Declines By 78.6%
by Danessa Lincoln · The Markets DailyGlanbia plc (OTCMKTS:GLAPF – Get Free Report) was the target of a significant decline in short interest in May. As of May 29th, there was short interest totaling 48,995 shares, a decline of 78.6% from the May 14th total of 228,620 shares. Based on an average daily volume of 3,107 shares, the short-interest ratio is currently 15.8 days.
Glanbia Stock Performance
GLAPF remained flat at $24.77 during trading on Thursday. The company has a fifty day moving average of $22.62 and a 200-day moving average of $19.89. Glanbia has a twelve month low of $14.50 and a twelve month high of $26.63.
Analyst Ratings Changes
Separately, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Glanbia in a research report on Thursday, April 30th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy”.
Read Our Latest Stock Report on Glanbia
About Glanbia
Glanbia plc is a global nutrition group headquartered in Kilkenny, Ireland, with roots tracing back to the merger of Avonmore and Waterford agricultural cooperatives in 1997. The company is organized around two main divisions: Performance Nutrition, which focuses on sports and lifestyle-forward consumer products, and Glanbia Nutritionals, which supplies nutritional ingredients and custom formulation services to food, beverage and pharmaceutical customers.
Under its Performance Nutrition arm, Glanbia markets well-known brands of protein powders, bars and ready-to-drink beverages designed for athletes, fitness enthusiasts and wellness-focused consumers.