Glanbia plc (OTCMKTS:GLAPF) Shares Shorted: Short Interest Up 298.0% in September

Glanbia plc (OTCMKTS:GLAPF) was the recipient of a large increase in short interest in September. As of September 30th, there was short interest totaling 183,065 shares, an increase 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 presently 46.1 days.

Wall Street Analysts Forecast Growth

Several research firms have commented on GLAPF. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Glanbia in a research report on Friday, June 26th. Oddo Bhf downgraded Glanbia to a “neutral” rating in a research report on Wednesday, July 15th. Finally, Barclays reiterated an “overweight” rating on shares of Glanbia in a research note on Wednesday, June 17th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Glanbia currently has a consensus rating of “Moderate Buy”.

Glanbia Price Performance

OTCMKTS:GLAPF opened at $22.48 on Tuesday. The firm has a 50-day moving average of $25.38 and a two-hundred day moving average of $24.57. Glanbia has a 1-year low of $15.99 and a 1-year high of $28.81.

About Glanbia

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.