Grafton Group plc (OTCMKTS:GROUF) Sees Large Increase in Short Interest

Grafton Group plc (OTCMKTS:GROUFGet Rating) was the target of a significant increase in short interest during the month of June. As of June 15th, there was short interest totalling 300 shares, an increase of 200.0% from the May 31st total of 100 shares. Based on an average daily volume of 0 shares, the short-interest ratio is currently ∞ days.

Separately, Berenberg Bank cut their target price on shares of Grafton Group from GBX 1,430 ($17.54) to GBX 1,300 ($15.95) in a research note on Friday, June 10th.

Shares of GROUF remained flat at $$9.00 during mid-day trading on Thursday. The firm’s 50-day simple moving average is $10.87 and its two-hundred day simple moving average is $13.39. Grafton Group has a twelve month low of $9.00 and a twelve month high of $18.30.

About Grafton Group (Get Rating)

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 and plumbing materials to professional trades people engaged in residential repair, maintenance, and improvement projects, as well as in residential and other new build construction.

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