Short Interest in Goodfood Market Corp. (OTCMKTS:GDDFF) Drops By 57.5%

Goodfood Market Corp. (OTCMKTS:GDDFF) was the target of a significant decrease in short interest in May. As of May 29th, there was short interest totaling 158,314 shares, a decrease of 57.5% from the May 14th total of 372,314 shares. Based on an average trading volume of 30,676 shares, the short-interest ratio is currently 5.2 days.

Goodfood Market Price Performance

OTCMKTS GDDFF remained flat at $0.15 on Friday. Goodfood Market has a twelve month low of $0.10 and a twelve month high of $0.26. The firm’s fifty day moving average is $0.15 and its two-hundred day moving average is $0.18.

Analysts Set New Price Targets

Separately, Desjardins reissued a “hold” rating on shares of Goodfood Market in a research report on Thursday, April 23rd. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold”.

Goodfood Market Company Profile

Goodfood Market Corp is a Canadian e-commerce company specializing in the delivery of fresh, pre-portioned meal kits and grocery products. Trading over the counter in the U.S. under the symbol GDDFF, the company leverages an online subscription model to offer consumers a curated selection of recipes that can be prepared at home with minimal waste and maximum convenience.

The company’s core offerings include weekly meal kits featuring varied menus designed to suit dietary preferences such as vegetarian, gluten-free and low-carb.