Glanbia plc (OTCMKTS:GLAPF – Get Free Report) was the target of a large decrease in short interest in May. As of May 29th, there was short interest totaling 48,995 shares, a decrease of 78.6% from the May 14th total of 228,620 shares. Based on an average daily trading volume, of 3,107 shares, the short-interest ratio is currently 15.8 days.
Analysts Set New Price Targets
Separately, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Glanbia in a research report on Thursday, April 30th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy”.
Check Out Our Latest Analysis on Glanbia
Glanbia Price Performance
Glanbia Company Profile
Glanbia plc is a global nutrition group headquartered in Kilkenny, Ireland, with roots tracing back to the merger of Avonmore and Waterford agricultural cooperatives in 1997. The company is organized around two main divisions: Performance Nutrition, which focuses on sports and lifestyle-forward consumer products, and Glanbia Nutritionals, which supplies nutritional ingredients and custom formulation services to food, beverage and pharmaceutical customers.
Under its Performance Nutrition arm, Glanbia markets well-known brands of protein powders, bars and ready-to-drink beverages designed for athletes, fitness enthusiasts and wellness-focused consumers.
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