Goodfood Market (OTCMKTS:GDDFF) Short Interest Up 795.7% in September
Goodfood Market (OTCMKTS:GDDFF) was the recipient of a significant increase in short interest during the month of September. As of September 15th, there was short interest totalling 309,000 shares, an increase of 795.7% from the August 31st total of 34,500 shares. Based on an average daily trading volume, of 4,600 shares, the short-interest ratio is currently 67.2 days.
A number of equities research analysts recently commented on the company. Stifel Nicolaus upped their target price on Goodfood Market from $6.25 to $8.00 and gave the company a “buy” rating in a research report on Thursday, July 9th. National Bank Financial initiated coverage on Goodfood Market in a report on Thursday, August 6th. They issued an “outperform” rating for the company.
Shares of OTCMKTS:GDDFF opened at $5.45 on Monday. Goodfood Market has a 12-month low of $1.64 and a 12-month high of $6.50. The firm has a 50 day moving average of $5.28.
Goodfood Market Corp., an online grocery company, delivers fresh meals and grocery products in Canada. It provides members with access to a selection of products online, as well as exclusive pricing based on its direct to consumer fulfilment eco-system. The company offers breakfast menu, ready-to-eat meals, and private-label grocery items, as well as meal kits.
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