Short Interest in Greggs plc (OTCMKTS:GGGSF) Rises By 3,879.1%

Greggs plc (OTCMKTS:GGGSF) was the target of a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 795,300 shares, a growth of 3,879.1% from the June 30th total of 19,987 shares. Based on an average daily volume of 1,754 shares, the short-interest ratio is currently 453.4 days.

Analyst Ratings Changes

Separately, BNP Paribas Exane started coverage on Greggs in a research report on Monday, April 27th. They issued an “underperform” rating for the company. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Greggs presently has an average rating of “Hold”.

Greggs Stock Performance

GGGSF stock opened at $22.20 on Friday. The firm’s 50-day moving average price is $21.71 and its two-hundred day moving average price is $21.73. Greggs has a 12-month low of $18.82 and a 12-month high of $24.00.

About Greggs

Greggs plc, trading on the OTC Markets under the symbol GGGSF, is a leading UK-based bakery chain specializing in freshly prepared food and beverage offerings. Established in 1939, the company has grown from a single bakery in Newcastle upon Tyne into one of Britain’s most recognized high-street brands. Greggs operates a network of more than 2,000 retail outlets, including stand-alone shops, in-store concessions, and kiosks situated in transport hubs and convenience locations across England, Scotland and Wales.

The company’s core product range centers on bakery items such as its iconic sausage rolls, pastries, and sweet treats, complemented by a selection of sandwiches, salads and hot and cold beverages.