Parkland Co. (OTCMKTS:PKIUF) Sees Significant Increase in Short Interest

Parkland Co. (OTCMKTS:PKIUF) was the target of a significant growth in short interest in October. As of October 15th, there was short interest totaling 2,058,100 shares, a growth of 64.2% from the September 30th total of 1,253,600 shares. Based on an average daily volume of 8,700 shares, the short-interest ratio is currently 236.6 days. Based on an average daily volume of 8,700 shares, the short-interest ratio is currently 236.6 days.

Parkland Trading Up 0.1%

PKIUF opened at $28.67 on Monday. The business’s 50-day moving average price is $28.04 and its 200-day moving average price is $27.74. Parkland has a 12 month low of $20.51 and a 12 month high of $29.30.

Analyst Upgrades and Downgrades

Separately, Scotiabank restated a “sector perform” rating on shares of Parkland in a research report on Thursday, August 7th. Two analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce”.

Parkland Company Profile

Parkland Corporation operates food and convenience stores in Canada, the United States, and internationally. The company's Canada segment owns, supplies, and supports a coast-to-coast network of retail gas stations, electronic vehicle charging stations, frozen food retail locations, convenience stores, cardlock sites, bulk fuel, propane, heating oil, lubricants, and other related services to commercial, industrial, and residential customers; transports and distributes fuel through ships, rail, and highway carriers; and stores fuel in terminals and other owned and leased facilities, as well as engages in the low-carbon activities.