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

Glanbia plc (OTCMKTS:GLAPF) was the recipient of a large decline in short interest in the month of March. As of March 13th, there was short interest totaling 197,633 shares, a decline of 31.9% from the February 26th total of 290,311 shares. Based on an average daily volume of 198 shares, the short-interest ratio is currently 998.1 days.

Wall Street Analyst Weigh In

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

Glanbia Price Performance

OTCMKTS GLAPF remained flat at $19.80 during trading on Friday. Glanbia has a 52 week low of $12.04 and a 52 week high of $19.99. The business’s fifty day simple moving average is $19.60 and its two-hundred day simple moving average is $17.78.

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.