Grafton Group PLC (OTCMKTS:GROUF) Short Interest Up ∞ in June

Grafton Group PLC (OTCMKTS:GROUF) saw a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 3,172 shares, a growth of ∞ from the May 31st total of 0 shares. Based on an average daily trading volume, of 344 shares, the days-to-cover ratio is presently 9.2 days. Approximately 0.0% of the shares of the company are short sold.

Grafton Group Stock Performance

Shares of GROUF stock remained flat at $11.05 during mid-day trading on Wednesday. The firm has a 50-day moving average price of $12.05 and a 200-day moving average price of $12.40. The company has a quick ratio of 1.43, a current ratio of 2.11 and a debt-to-equity ratio of 0.31. Grafton Group has a 12-month low of $10.95 and a 12-month high of $11.05.

Wall Street Analysts Forecast Growth

Separately, Citigroup reaffirmed a “buy” rating on shares of Grafton Group in a report on Friday, June 19th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy”.

About Grafton Group

Grafton Group plc, trading in the U.S. over-the-counter under the symbol GROUF, is a Dublin-based distributor of building materials and related products. The company traces its roots back to the early 20th century and has grown through a combination of organic expansion and strategic acquisitions. Headquartered in Ireland, Grafton Group is publicly listed on the London Stock Exchange and serves as a key supply partner across the construction and home improvement sectors.

Grafton Group operates primarily through merchanting divisions that supply a broad range of products, including plumbing and heating equipment, bathrooms and sanitaryware, insulation, landscaping materials, and general building supplies.