Greggs plc (OTCMKTS:GGGSF – Get Free Report) was the target of a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 795,300 shares, an increase of 3,879.1% from the June 30th total of 19,987 shares. Based on an average trading volume of 1,754 shares, the short-interest ratio is presently 453.4 days.
Greggs Stock Performance
OTCMKTS:GGGSF traded up $0.53 during trading hours on Friday, reaching $22.20. 1,900 shares of the company were exchanged, compared to its average volume of 2,067. The stock’s 50-day moving average is $21.71 and its 200-day moving average is $21.73. Greggs has a twelve month low of $18.82 and a twelve month high of $24.00.
Wall Street Analyst Weigh In
Separately, BNP Paribas Exane started coverage on Greggs in a report on Monday, April 27th. They issued an “underperform” rating for the company. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold”.
Greggs Company Profile
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.
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