GNC Holdings Inc (NYSE:GNC) was the recipient of a significant drop in short interest in October. As of October 15th, there was short interest totalling 21,997,118 shares, a drop of 12.9% from the September 28th total of 25,259,549 shares. Currently, 27.0% of the shares of the stock are short sold. Based on an average trading volume of 1,667,033 shares, the days-to-cover ratio is presently 13.2 days.
Shares of GNC stock opened at $3.90 on Wednesday. GNC has a 52-week low of $2.71 and a 52-week high of $7.00. The company has a market capitalization of $281.87 million, a PE ratio of 2.89 and a beta of 0.54.
Several research analysts have commented on GNC shares. Zacks Investment Research raised shares of GNC from a “hold” rating to a “buy” rating and set a $4.50 price target on the stock in a research note on Monday, October 15th. Barclays reissued a “sell” rating and set a $3.00 price target on shares of GNC in a research note on Friday, July 27th. Finally, Buckingham Research began coverage on shares of GNC in a research note on Monday. They set a “buy” rating and a $6.00 price target on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. GNC currently has a consensus rating of “Hold” and a consensus target price of $4.50.
GNC Company Profile
GNC Holdings, Inc, together with its subsidiaries, operates as a specialty retailer of health, wellness, and performance products. It operates through three segments: U.S. and Canada, International, and Manufacturing/Wholesale. Its products include protein, performance supplements, weight management supplements, vitamins, herbs and greens, wellness supplements, health and beauty, food and drink, and other general merchandise.
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