Glanbia plc (OTCMKTS:GLAPF) Short Interest Update

Glanbia plc (OTCMKTS:GLAPF) was the target of a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 290,311 shares, an increase of 71.2% from the February 12th total of 169,576 shares. Based on an average daily trading volume, of 17 shares, the short-interest ratio is presently 17,077.1 days. Based on an average daily trading volume, of 17 shares, the short-interest ratio is presently 17,077.1 days.

Glanbia Stock Performance

Shares of Glanbia stock opened at $19.80 on Friday. Glanbia has a 12-month low of $12.04 and a 12-month high of $19.99. The firm’s 50-day moving average price is $19.08 and its two-hundred day moving average price is $17.59.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley reaffirmed an “overweight” rating on shares of Glanbia in a report on Thursday, January 29th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently 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.