Greggs plc (OTCMKTS:GGGSF) Short Interest Down 97.7% in June

Greggs plc (OTCMKTS:GGGSF) was the target of a significant decrease in short interest in 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 trading volume of 694 shares, the short-interest ratio is presently 28.8 days.

Greggs Price Performance

Greggs stock traded up $0.89 during mid-day trading on Friday, reaching $20.91. 506 shares of the company were exchanged, compared to its average volume of 2,138. The company has a fifty day simple moving average of $21.68 and a 200-day simple moving average of $21.88. Greggs has a 12 month low of $18.82 and a 12 month high of $24.00.

Analyst Ratings Changes

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

Greggs Company Profile

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.