Grafton Group PLC (OTCMKTS:GROUF) Sees Large Drop in Short Interest

Grafton Group PLC (OTCMKTS:GROUF) was the target of a significant drop in short interest during the month of January. As of January 15th, there was short interest totaling 1,000 shares, a drop of 77.3% from the December 31st total of 4,407 shares. Based on an average daily trading volume, of 400 shares, the short-interest ratio is currently 2.5 days. Based on an average daily trading volume, of 400 shares, the short-interest ratio is currently 2.5 days.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada reissued an “outperform” rating on shares of Grafton Group in a research report on Friday, October 31st. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy”.

Grafton Group Trading Down 0.0%

Shares of GROUF opened at $12.74 on Friday. The stock’s 50-day moving average price is $12.25 and its 200-day moving average price is $11.47. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.32 and a current ratio of 1.94. Grafton Group has a 52 week low of $11.97 and a 52 week high of $12.85.

Grafton Group Company Profile

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.