Greggs plc (OTCMKTS:GGGSF) Short Interest Update

Greggs plc (OTCMKTS:GGGSF) saw a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 19,987 shares, a drop of 97.7% from the June 15th total of 886,778 shares. Based on an average trading volume of 694 shares, the days-to-cover ratio is presently 28.8 days.

Greggs Trading Up 4.5%

Shares of GGGSF stock traded up $0.89 during trading on Friday, reaching $20.91. The company’s stock had a trading volume of 506 shares, compared to its average volume of 2,138. The stock’s 50-day moving average price is $21.68 and its 200 day moving average price is $21.87. Greggs has a 1-year low of $18.82 and a 1-year high of $24.00.

Analyst Upgrades and Downgrades

Separately, BNP Paribas Exane started coverage on Greggs in a research note on Monday, April 27th. They issued an “underperform” rating on the stock. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Greggs 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.