Short Interest in Glanbia plc (OTCMKTS:GLAPF) Decreases By 78.6%

Glanbia plc (OTCMKTS:GLAPF) saw a significant decrease in short interest in the month of May. As of May 29th, there was short interest totaling 48,995 shares, a decrease of 78.6% from the May 14th total of 228,620 shares. Based on an average trading volume of 3,107 shares, the short-interest ratio is currently 15.8 days.

Glanbia Price Performance

OTCMKTS:GLAPF remained flat at $24.77 during trading hours on Friday. The company’s fifty day simple moving average is $22.62 and its 200 day simple moving average is $19.89. Glanbia has a 1-year low of $14.50 and a 1-year high of $26.63.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Glanbia in a research report on Thursday, April 30th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy”.

Glanbia Company Profile

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.