Grafton Group plc (OTCMKTS:GROUF) Sees Significant Drop in Short Interest

Grafton Group plc (OTCMKTS:GROUF - Get Free Report) was the target of a large decline in short interest in March. As of March 15th, there was short interest totalling 200 shares, a decline of 77.8% from the February 28th total of 900 shares. Based on an average trading volume of 0 shares, the short-interest ratio is currently ∞ days. Approximately 0.0% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada reissued an "outperform" rating on shares of Grafton Group in a research report on Tuesday, March 11th.

Grafton Group Stock Performance

GROUF stock remained flat at $11.00 during trading on Monday. The business has a 50 day simple moving average of $11.00 and a 200 day simple moving average of $12.00. Grafton Group has a 1-year low of $11.00 and a 1-year high of $12.84. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.56 and a current ratio of 2.21.

Grafton Group Company Profile

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.