Glanbia Plc ADR (OTCMKTS:GLAPY) Short Interest Down 57.8% in May

Glanbia Plc ADR (OTCMKTS:GLAPY) was the recipient of a large decline in short interest in May. As of May 15th, there was short interest totaling 106 shares, a decline of 57.8% from the April 30th total of 251 shares. Based on an average daily trading volume, of 1 shares, the short-interest ratio is currently 106.0 days. Approximately 0.0% of the shares of the company are sold short.

Glanbia Trading Up 7.4%

Shares of OTCMKTS GLAPY traded up $8.78 during trading hours on Tuesday, hitting $127.00. 1,635 shares of the company traded hands, compared to its average volume of 27. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.81 and a current ratio of 1.36. The company’s 50 day moving average price is $103.76 and its 200 day moving average price is $95.67. Glanbia has a 12 month low of $71.00 and a 12 month high of $128.70.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Zacks Research raised Glanbia to a “hold” rating in a report on Tuesday, March 3rd. Kepler Capital Markets cut Glanbia from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 4th. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average 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.