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

Key Points

• Glanbia Plc ADR (OTCMKTS:GLAPY) experienced a significant decline in short interest, dropping to just 100 shares as of August 31st, a decrease of 50.0% from earlier in the month.
• The company's stock traded down 1.5% to $79.41, with a trading volume of 105 shares compared to an average of 16 shares.
• Glanbia has announced a dividend of $0.9751 to be paid on October 14th, resulting in a yield of 272.0%.

Glanbia Plc ADR (OTCMKTS:GLAPY - ) was the target of a large decline in short interest in August. As of August 31st, there was short interest totaling 100 shares, a decline of 50.0% from the August 15th total of 200 shares. Currently, 0.0% of the company's stock are short sold. Based on an average daily trading volume, of 100 shares, the days-to-cover ratio is presently 1.0 days. Based on an average daily trading volume, of 100 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.0% of the company's stock are short sold.

Glanbia Trading Down 1.5%

GLAPY traded down $1.21 on Friday, hitting $79.41. The company had a trading volume of 105 shares, compared to its average volume of 16. The company's fifty day moving average price is $75.71 and its 200 day moving average price is $69.72. Glanbia has a 1-year low of $52.40 and a 1-year high of $83.00. The company has a quick ratio of 0.81, a current ratio of 1.67 and a debt-to-equity ratio of 0.41.

Glanbia Cuts Dividend

The business also recently announced a dividend, which will be paid on Tuesday, October 14th. Investors of record on Tuesday, August 26th will be issued a $0.9751 dividend. This represents a yield of 272.0%. The ex-dividend date is Monday, August 25th.

Glanbia Company Profile

Glanbia plc, together with its subsidiaries, operates as a nutrition company worldwide. The company offers sports nutrition and lifestyle nutrition products in various formats, such as powders, ready-to-eat bars and snacking food, and ready-to-drink beverage. It also manufactures and sells cheese, dairy, and non-dairy nutritional and functional ingredients; and vitamin and mineral premixes products.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.