Greggs plc (OTCMKTS:GGGSF) Sees Large Decrease in Short Interest

Greggs plc (OTCMKTS:GGGSF) was the recipient of a large decrease in short interest during the month of June. As of June 30th, there was short interest totaling 19,987 shares, a decrease of 97.7% from the June 15th total of 886,778 shares. Based on an average daily volume of 694 shares, the short-interest ratio is currently 28.8 days.

Greggs Stock Performance

OTCMKTS:GGGSF traded up $0.89 on Friday, hitting $20.91. The stock had a trading volume of 506 shares, compared to its average volume of 2,138. The company has a fifty day moving average price of $21.68 and a two-hundred day moving average price of $21.88. Greggs has a 1-year low of $18.82 and a 1-year high of $24.00.

Analyst Ratings Changes

Separately, BNP Paribas Exane started coverage on shares of Greggs in a research note on Monday, April 27th. They issued an “underperform” rating on the stock. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Greggs currently has an average rating of “Hold”.

About Greggs

Greggs plc, trading on the OTC Markets under the symbol GGGSF, is a leading UK-based bakery chain specializing in freshly prepared food and beverage offerings. Established in 1939, the company has grown from a single bakery in Newcastle upon Tyne into one of Britain’s most recognized high-street brands. Greggs operates a network of more than 2,000 retail outlets, including stand-alone shops, in-store concessions, and kiosks situated in transport hubs and convenience locations across England, Scotland and Wales.

The company’s core product range centers on bakery items such as its iconic sausage rolls, pastries, and sweet treats, complemented by a selection of sandwiches, salads and hot and cold beverages.