Goodfood Market Corp. (OTCMKTS:GDDFF) Short Interest Down 57.5% in May

Goodfood Market Corp. (OTCMKTS:GDDFF) was the target of a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 158,314 shares, a decrease of 57.5% from the May 14th total of 372,314 shares. Based on an average trading volume of 30,676 shares, the days-to-cover ratio is currently 5.2 days.

Goodfood Market Price Performance

OTCMKTS GDDFF remained flat at $0.15 during trading on Friday. The firm’s fifty day moving average price is $0.15 and its two-hundred day moving average price is $0.18. Goodfood Market has a 12-month low of $0.10 and a 12-month high of $0.26.

Analyst Ratings Changes

Separately, Desjardins reissued a “hold” rating on shares of Goodfood Market in a research note on Thursday, April 23rd. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Goodfood Market presently has an average rating of “Hold”.

About Goodfood Market

Goodfood Market Corp is a Canadian e-commerce company specializing in the delivery of fresh, pre-portioned meal kits and grocery products. Trading over the counter in the U.S. under the symbol GDDFF, the company leverages an online subscription model to offer consumers a curated selection of recipes that can be prepared at home with minimal waste and maximum convenience.

The company’s core offerings include weekly meal kits featuring varied menus designed to suit dietary preferences such as vegetarian, gluten-free and low-carb.