Glanbia plc (OTCMKTS:GLAPF) Sees Large Decrease in Short Interest

Glanbia plc (OTCMKTS:GLAPF) saw a large 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 presently 15.8 days.

Glanbia Stock Performance

Shares of OTCMKTS:GLAPF opened at $24.77 on Wednesday. Glanbia has a 52 week low of $14.50 and a 52 week high of $26.63. The company’s fifty day moving average is $22.42 and its 200-day moving average is $19.77.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Glanbia in a research note on Thursday, April 30th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Glanbia has a consensus rating of “Buy”.

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.