Short Interest in Grafton Group PLC (OTCMKTS:GROUF) Drops By 74.1%

by · The Markets Daily

Grafton Group PLC (OTCMKTS:GROUF – Get Free Report) saw a significant decrease in short interest during the month of December. As of December 15th, there was short interest totaling 4,421 shares, a decrease of 74.1% from the November 30th total of 17,080 shares. Based on an average trading volume of 0 shares, the short-interest ratio is presently ∞ days. Currently, 0.0% of the company’s stock are sold short. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 0 shares, the short-interest ratio is presently ∞ days.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Grafton Group in a research report on Friday, October 31st. One research analyst has rated the stock with a Buy rating, According to MarketBeat, Grafton Group presently has a consensus rating of “Buy”.

Check Out Our Latest Stock Analysis on GROUF

Grafton Group Stock Performance

Shares of Grafton Group stock remained flat at $11.97 during midday trading on Thursday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.94 and a quick ratio of 1.32. The business has a 50 day moving average price of $11.58 and a 200 day moving average price of $11.20. Grafton Group has a 12 month low of $11.00 and a 12 month high of $12.84.

About Grafton Group

(Get Free Report)

Grafton Group plc, trading in the U.S. over-the-counter under the symbol GROUF, is a Dublin-based distributor of building materials and related products. The company traces its roots back to the early 20th century and has grown through a combination of organic expansion and strategic acquisitions. Headquartered in Ireland, Grafton Group is publicly listed on the London Stock Exchange and serves as a key supply partner across the construction and home improvement sectors.

Grafton Group operates primarily through merchanting divisions that supply a broad range of products, including plumbing and heating equipment, bathrooms and sanitaryware, insulation, landscaping materials, and general building supplies.

Further Reading