Quebecor Inc. (OTCMKTS:QBCRF) Short Interest Up 199.6% in April

Quebecor Inc. (OTCMKTS:QBCRF) was the recipient of a significant increase in short interest in April. As of April 30th, there was short interest totaling 768,250 shares, an increase of 199.6% from the April 15th total of 256,449 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 534 shares, the short-interest ratio is presently 1,438.7 days.

Quebecor Stock Up 11.9%

Shares of QBCRF stock traded up $4.99 during mid-day trading on Friday, reaching $47.05. 126 shares of the company were exchanged, compared to its average volume of 5,780. Quebecor has a fifty-two week low of $26.16 and a fifty-two week high of $47.05. The business’s 50 day simple moving average is $42.01 and its 200 day simple moving average is $38.62.

Analysts Set New Price Targets

A number of equities analysts have weighed in on QBCRF shares. Royal Bank Of Canada restated a “sector perform” rating on shares of Quebecor in a report on Friday. Scotiabank reissued a “sector perform” rating on shares of Quebecor in a research report on Friday. Finally, TD Securities restated a “buy” rating on shares of Quebecor in a research note on Friday. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

Quebecor Company Profile

Quebecor Inc is a Canadian integrated media and telecommunications company offering a diversified portfolio of services and content. Through its wholly owned subsidiary Vidéotron, the company provides cable television, high-speed internet, wireless telephony and residential and business telecom solutions. Its media arm, Quebecor Media, publishes newspapers and magazines, operates specialty and conventional television networks and engages in digital media and advertising across multiple platforms.

Founded by Pierre Péladeau in 1965 as a printing enterprise in Montreal, Quebecor has expanded its operations over five decades into one of Canada’s leading content creators and service providers.