Short Interest in Grafton Group plc (OTCMKTS:GROUF) Drops By 77.8%

Grafton Group plc (OTCMKTS:GROUF) saw a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 200 shares, a decrease of 77.8% from the February 28th total of 900 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 0 shares, the days-to-cover ratio is presently ∞ days.

Analysts Set New Price Targets

Separately, Royal Bank of Canada reaffirmed an “outperform” rating on shares of Grafton Group in a report on Tuesday, March 11th.

Grafton Group Stock Performance

Shares of GROUF stock opened at $11.00 on Friday. Grafton Group has a 1 year low of $11.00 and a 1 year high of $12.84. The stock has a fifty day moving average of $11.00 and a two-hundred day moving average of $12.02. The company has a current ratio of 2.21, a quick ratio of 1.56 and a debt-to-equity ratio of 0.33.

About Grafton Group

Grafton Group plc engages in the distribution, retailing, and manufacturing businesses in Ireland, the Netherlands, Finland, and the United Kingdom. Its Distribution segment distributes building materials, paint, tools, ironmongery, fixings, and accessories, workwear and PPE, and spare parts; materials and plant for mechanical services, heating, plumbing, and air movement; and trade, DIY, and self-build markets with building materials, timber, doors and floors, plumbing and heating, bathrooms, and landscaping products under the Selco, Leyland SDM, Chadwicks, MacBlair, Isero, Polvo, Gunters en Meuser, TG Lynes, and IKH brands.