Greggs plc (OTCMKTS:GGGSF) Short Interest Update

Greggs plc (OTCMKTS:GGGSF) was the recipient of a significant growth in short interest in 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 days-to-cover ratio is presently 453.4 days.

Greggs Stock Up 2.4%

Greggs stock opened at $22.20 on Friday. The business’s 50-day moving average price is $21.71 and its 200 day moving average price is $21.73. Greggs has a 52 week low of $18.82 and a 52 week high of $24.00.

Wall Street Analyst Weigh In

Separately, BNP Paribas Exane initiated coverage on shares of Greggs in a research report on Monday, April 27th. They set an “underperform” rating for the company. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock 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.