Greencore Group (OTCMKTS:GNCGY) Sees Large Increase in Short Interest

Greencore Group (OTCMKTS:GNCGY) was the target of a large growth in short interest in October. As of October 15th, there was short interest totaling 5,313 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 3,011 shares, the days-to-cover ratio is presently 1.8 days.

Greencore Group Stock Performance

Shares of OTCMKTS GNCGY traded up $0.70 during midday trading on Friday, hitting $16.68. The stock had a trading volume of 1,205 shares, compared to its average volume of 3,814. Greencore Group has a fifty-two week low of $10.30 and a fifty-two week high of $16.68. The company has a quick ratio of 0.64, a current ratio of 0.74 and a debt-to-equity ratio of 0.54. The company’s 50-day simple moving average is $14.31 and its 200 day simple moving average is $12.94.

About Greencore Group

Greencore Group plc is a food manufacturer and supplier focused primarily on the convenience food market in the United Kingdom. The company develops, manufactures and distributes chilled, frozen and ambient food products for grocery retailers, foodservice operators and other customers.

Its product portfolio includes ready meals, chilled soups and sauces, quiche, sandwiches, salads, sushi and other food-to-go products. Greencore operates manufacturing facilities and food development capabilities in the UK, supplying products through retail and foodservice channels.

The company has roots in Ireland’s former state-owned sugar business and evolved into a diversified convenience food producer.