Quebecor Inc. (OTCMKTS:QBCRF) Short Interest Update

Quebecor Inc. (OTCMKTS:QBCRF) was the recipient of a significant growth in short interest in the month of August. As of August 15th, there was short interest totaling 6,125,200 shares, agrowthof50.6% from the July 31st total of 4,065,900 shares. Based on an average daily trading volume, of 56,900 shares, the days-to-cover ratio is presently 107.6 days. Based on an average daily trading volume, of 56,900 shares, the days-to-cover ratio is presently 107.6 days.

Quebecor Price Performance

QBCRF stock remained flat at $31.83 during midday trading on Monday. The company’s stock had a trading volume of 20 shares, compared to its average volume of 89,397. Quebecor has a 52 week low of $20.64 and a 52 week high of $31.83. The business has a 50-day moving average of $29.35 and a 200 day moving average of $27.51.

Wall Street Analysts Forecast Growth

QBCRF has been the subject of several recent analyst reports. National Bankshares upgraded Quebecor from a “sector perform” rating to an “outperform” rating in a report on Monday, August 11th. BMO Capital Markets upgraded Quebecor from a “market perform” rating to an “outperform” rating in a report on Thursday. Finally, CIBC restated an “outperform” rating on shares of Quebecor in a report on Friday, July 11th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat, Quebecor presently has an average rating of “Buy”.

About Quebecor

Quebecor Inc, together with its subsidiaries, operates in the telecommunications, media, and sports and entertainment businesses in Canada. The Telecommunications segment offers internet access, television distribution, mobile and wireline telephony, business solutions, and over-the-top video services.