Canaccord Genuity Group Inc. (OTCMKTS:CCORF) Sees Large Decline in Short Interest

Canaccord Genuity Group Inc. (OTCMKTS:CCORFGet Rating) was the recipient of a significant decrease in short interest in the month of November. As of November 15th, there was short interest totalling 562,000 shares, a decrease of 27.3% from the October 31st total of 773,300 shares. Based on an average trading volume of 18,800 shares, the days-to-cover ratio is presently 29.9 days.

Wall Street Analysts Forecast Growth

Separately, TD Securities reduced their price target on Canaccord Genuity Group from C$12.50 to C$11.00 in a research report on Wednesday, November 2nd.

Canaccord Genuity Group Price Performance

Shares of Canaccord Genuity Group stock traded up $0.18 on Thursday, hitting $5.76. The company’s stock had a trading volume of 1,250 shares, compared to its average volume of 4,923. Canaccord Genuity Group has a 1 year low of $4.71 and a 1 year high of $12.51. The firm has a fifty day moving average price of $5.30 and a 200-day moving average price of $6.35.

About Canaccord Genuity Group

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Canaccord Genuity Group Inc, a full-service financial services company, provides investment products, and investment banking and brokerage services to institutional, corporate, and private clients. It operates in two segments, Canaccord Genuity Capital Markets and Canaccord Genuity Wealth Management.

Further Reading

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