Greif, Inc. (NYSE:GEF.B) was the target of a large drop in short interest in October. As of October 31st, there was short interest totalling 38,900 shares, a drop of 10.6% from the September 30th total of 43,500 shares. Approximately 1.0% of the shares of the stock are sold short. Based on an average daily volume of 12,200 shares, the days-to-cover ratio is currently 3.2 days.
GEF.B traded up $1.78 during trading on Monday, reaching $50.76. The company’s stock had a trading volume of 7,500 shares, compared to its average volume of 11,990. The company has a quick ratio of 1.11, a current ratio of 1.60 and a debt-to-equity ratio of 2.37. The firm has a fifty day simple moving average of $46.75 and a two-hundred day simple moving average of $44.47. Greif has a 1 year low of $36.70 and a 1 year high of $54.18. The company has a market cap of $2.39 billion, a price-to-earnings ratio of 13.03 and a beta of 1.09.
Greif (NYSE:GEF.B) last released its earnings results on Wednesday, August 28th. The industrial products company reported $1.26 earnings per share for the quarter. Greif had a net margin of 3.36% and a return on equity of 19.40%. The business had revenue of $1.25 billion for the quarter.
Greif, Inc produces and sells industrial packaging products and services worldwide. It operates through four segments: Rigid Industrial Packaging & Services; Paper Packaging & Services; Flexible Products & Services; and Land Management. The Rigid Industrial Packaging & Services segment offers rigid industrial packaging products, including steel, fiber, and plastic drums; rigid intermediate bulk containers; closure systems for industrial packaging products; transit protection products; water bottles, and remanufactured and reconditioned industrial containers; and services, such as container life cycle management, filling, logistics, warehousing, and other packaging services.
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