Glanbia plc (OTCMKTS:GLAPF) Sees Significant Increase in Short Interest

Glanbia plc (OTCMKTS:GLAPF) was the target of a significant growth in short interest in September. As of September 30th, there was short interest totaling 183,065 shares, a growth of 298.0% from the September 15th total of 45,998 shares. Based on an average daily volume of 3,972 shares, the short-interest ratio is currently 46.1 days.

Glanbia Price Performance

Shares of Glanbia stock traded up $0.41 during trading on Friday, reaching $22.48. The company’s stock had a trading volume of 104 shares, compared to its average volume of 1,318. Glanbia has a 52-week low of $15.99 and a 52-week high of $28.81. The firm’s 50-day moving average is $25.45 and its two-hundred day moving average is $24.52.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Oddo Bhf lowered Glanbia to a “neutral” rating in a research note on Wednesday, July 15th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Glanbia in a report on Friday, June 26th. Finally, Barclays reiterated an “overweight” rating on shares of Glanbia in a research report on Wednesday, June 17th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Glanbia Company Profile

Glanbia plc is an Ireland-based global nutrition company that develops and supplies branded consumer products, nutritional ingredients and dairy solutions. Its portfolio serves consumers, retailers, food and beverage manufacturers, and customers in the sports nutrition, lifestyle nutrition and specialized nutrition markets.

Through its performance nutrition business, Glanbia offers products such as protein powders, bars, drinks and supplements under brands including Optimum Nutrition, Isopure, SlimFast and Amazing Grass.