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

Grafton Group plc (OTCMKTS:GROUF - Get Free Report) was the recipient of a large drop in short interest in the month of March. As of March 31st, there was short interest totalling 100 shares, a drop of 50.0% from the March 15th total of 200 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 0 shares, the days-to-cover ratio is presently ∞ days.

Grafton Group Stock Performance

Shares of GROUF remained flat at $11.00 during midday trading on Monday. Grafton Group has a twelve month low of $11.00 and a twelve month high of $12.84. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.21 and a quick ratio of 1.56. The stock has a fifty day simple moving average of $11.00 and a 200 day simple moving average of $11.80.

Analyst Upgrades and Downgrades

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

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.