Glanbia Plc ADR (OTCMKTS:GLAPY) Short Interest Update

Key Points

• Short interest jumped 47% in March to 97 shares, but remains negligible as roughly 0.0% of the stock; with an average daily volume of 9 shares the days-to-cover is elevated at 10.8 days, reflecting the very low trading volumes rather than large-scale shorting.
• Analyst sentiment has cooled to a consensus Hold after Kepler Capital Markets downgraded Glanbia from "strong-buy" to "hold" while Zacks also rates the stock as "hold."
• GLAPY traded flat at $98.24 (near its 1‑year high of $99.00) with extremely light intraday volume, and its technicals show a 50‑day MA of $96.66 and 200‑day MA of $88.16.

Glanbia Plc ADR (OTCMKTS:GLAPY - Get Free Report) was the target of a significant increase in short interest in March. As of March 13th, there was short interest totaling 97 shares, an increase of 47.0% from the February 26th total of 66 shares. Approximately 0.0% of the company's stock are sold short. Based on an average daily volume of 9 shares, the days-to-cover ratio is currently 10.8 days.

Wall Street Analyst Weigh In

GLAPY has been the topic of several recent analyst reports. Kepler Capital Markets downgraded shares of Glanbia from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 4th. Zacks Research raised shares of Glanbia to a "hold" rating in a research note on Tuesday, March 3rd. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, Glanbia currently has an average rating of "Hold".

Glanbia Stock Performance

GLAPY stock remained flat at $98.24 during trading on Friday. The company had a trading volume of 2 shares, compared to its average volume of 1. The stock has a 50 day moving average price of $96.66 and a 200-day moving average price of $88.16. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.36 and a quick ratio of 0.89. Glanbia has a 1-year low of $52.40 and a 1-year high of $99.00.

About Glanbia

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.

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