Greggs plc (OTCMKTS:GGGSF) Short Interest Update

Greggs plc (OTCMKTS:GGGSF) was the recipient of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 795,300 shares, a growth of 3,879.1% from the June 30th total of 19,987 shares. Based on an average trading volume of 1,754 shares, the short-interest ratio is currently 453.4 days.

Greggs Price Performance

Shares of OTCMKTS:GGGSF traded up $0.53 during midday trading on Friday, hitting $22.20. The company had a trading volume of 1,900 shares, compared to its average volume of 2,067. Greggs has a twelve month low of $18.82 and a twelve month high of $24.00. The business’s 50-day simple moving average is $21.71 and its 200-day simple moving average is $21.73.

Analyst Ratings Changes

Separately, BNP Paribas Exane assumed coverage on 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 issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, 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.