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

Glanbia Plc ADR (OTCMKTS:GLAPY) was the target of a significant increase in short interest in the month of April. As of April 15th, there was short interest totaling 250 shares, an increase of 152.5% from the March 31st total of 99 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 31 shares, the short-interest ratio is presently 8.1 days.

Glanbia Price Performance

Glanbia stock opened at $102.21 on Tuesday. The company’s fifty day simple moving average is $99.24 and its 200-day simple moving average is $91.36. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.81 and a current ratio of 1.36. Glanbia has a 12 month low of $52.40 and a 12 month high of $102.21.

Analyst Ratings Changes

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

Glanbia Company Profile

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.