Grocery Outlet Holding

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Grocery Outlet Holding Corp. is a chain of discount supermarkets that offer discounted, overstocked and closeout products from name brand and private label suppliers. The company has stores in California, Oregon, Washington, Idaho, Nevada and Pennsylvania.The majority of Grocery Outlet’s stores are independently operated by locally based, married couples. Each store has flexibility in its product offerings to serve local tastes and demand. The Read family founded the company in 1946. The formal name is Grocery Outlet Bargain Market.

Grocery Outlet Holding has been a target of short sellers for a while. The current short interest of 23.58% is roughly at the average of the last 12 months (24.14%).