Glanbia Plc ADR (OTCMKTS:GLAPY) Sees Large Decrease in Short Interest

Glanbia Plc ADR (OTCMKTS:GLAPY) was the target of a significant decrease in short interest in the month of May. As of May 15th, there was short interest totaling 106 shares, a decrease of 57.8% from the April 30th total of 251 shares. Based on an average trading volume of 1 shares, the days-to-cover ratio is currently 106.0 days. Approximately 0.0% of the company’s shares are short sold.

Glanbia Price Performance

Shares of OTCMKTS GLAPY opened at $118.22 on Friday. The company has a quick ratio of 0.81, a current ratio of 1.36 and a debt-to-equity ratio of 0.38. The business has a fifty day simple moving average of $103.18 and a two-hundred day simple moving average of $95.32. Glanbia has a twelve month low of $71.00 and a twelve month high of $120.00.

Analyst Ratings Changes

Several research firms recently commented on GLAPY. Kepler Capital Markets downgraded shares of Glanbia from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 4th. Zacks Research raised shares of Glanbia to a “hold” rating in a research note on Tuesday, March 3rd. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Glanbia has a consensus rating of “Hold”.

About Glanbia

Glanbia plc is a global nutrition company headquartered in Kilkenny, Ireland. The company operates through two principal divisions: Performance Nutrition and Glanbia Nutritionals. Performance Nutrition develops and markets sports and lifestyle nutrition products, including powders, bars and ready-to-drink beverages for athletes and fitness enthusiasts. Glanbia Nutritionals supplies dairy-based ingredients, specialty cheeses, whey proteins, nutrient premixes and functional food solutions to food, beverage and supplement manufacturers worldwide.

Glanbia was formed in 1997 through the merger of Avonmore Food plc and Waterford Foods plc.