Power Co. of Canada (OTCMKTS:PWCDF) Sees Large Increase in Short Interest

Power Co. of Canada (OTCMKTS:PWCDF) was the target of a significant growth in short interest during the month of March. As of March 31st, there was short interest totalling 18,187,800 shares, a growth of 83.0% from the March 15th total of 9,936,000 shares. Based on an average daily volume of 109,400 shares, the days-to-cover ratio is presently 166.3 days.

Power Co. of Canada Stock Performance

PWCDF stock traded down $0.19 during midday trading on Friday, hitting $36.04. 57,778 shares of the company’s stock were exchanged, compared to its average volume of 77,073. The stock’s fifty day moving average price is $34.54 and its 200-day moving average price is $32.76. Power Co. of Canada has a one year low of $25.51 and a one year high of $36.78.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on PWCDF. Scotiabank reaffirmed an “outperform” rating on shares of Power Co. of Canada in a research note on Friday, March 21st. National Bankshares reaffirmed a “sector perform” rating on shares of Power Co. of Canada in a research note on Monday, February 3rd.

Power Co. of Canada Company Profile

Power Corporation of Canada, an international management and holding company, offers financial services in North America, Europe, and Asia. It operates through Lifeco, IGM Financial, and GBL segments. The company offers life, health and dental, disability, critical illness, and creditor insurance; accidental death and dismemberment; retirement savings and income and annuity products; and life assurance, pension, and investment products to individuals and small business owners.