Greggs plc (OTCMKTS:GGGSF) Short Interest Down 97.7% in June

Greggs plc (OTCMKTS:GGGSF) was the recipient of a significant decrease in short interest in June. As of June 30th, there was short interest totaling 19,987 shares, a decrease of 97.7% from the June 15th total of 886,778 shares. Based on an average daily trading volume, of 694 shares, the short-interest ratio is currently 28.8 days.

Analyst Upgrades and Downgrades

Separately, BNP Paribas Exane started coverage on shares of 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 given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Greggs Price Performance

Shares of GGGSF stock traded up $0.89 on Friday, hitting $20.91. 506 shares of the company’s stock were exchanged, compared to its average volume of 2,138. The company has a 50 day moving average of $21.68 and a 200 day moving average of $21.88. 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.