Power Co. of Canada (OTCMKTS:PWCDF) Short Interest Update

Power Co. of Canada (OTCMKTS:PWCDF) saw a large increase in short interest in June. As of June 15th, there was short interest totaling 7,265,363 shares, an increase of 409.2% from the May 31st total of 1,426,821 shares. Based on an average trading volume of 43,211 shares, the short-interest ratio is presently 168.1 days.

Power Co. of Canada Trading Up 0.7%

Shares of OTCMKTS PWCDF traded up $0.43 during midday trading on Friday, hitting $60.95. The company’s stock had a trading volume of 25,842 shares, compared to its average volume of 87,330. The business’s fifty day simple moving average is $58.57 and its two-hundred day simple moving average is $53.23. Power Co. of Canada has a 1 year low of $37.89 and a 1 year high of $69.16.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on PWCDF. TD Securities cut shares of Power Co. of Canada from a “buy” rating to a “hold” rating in a research report on Thursday, May 14th. BMO Capital Markets reiterated a “market perform” rating on shares of Power Co. of Canada in a report on Tuesday, May 12th. Scotiabank reissued an “outperform” rating on shares of Power Co. of Canada in a research note on Tuesday, April 28th. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of Power Co. of Canada in a report on Wednesday, April 29th. Finally, Desjardins reaffirmed a “buy” rating on shares of Power Co. of Canada in a research report on Wednesday, May 13th. Three investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold”.

Power Co. of Canada Company Profile

Power Co of Canada is a diversified international management and holding company founded in 1925 and headquartered in Montreal, Quebec. Through its principal subsidiaries, the company builds long-term value by investing in and providing strategic oversight to companies operating primarily in the financial services sector. Power Co maintains a long history of family ownership and stewardship, with former co-CEOs Paul Desmarais Jr. and André Desmarais playing key roles in its development over recent decades.

The company’s main areas of activity encompass life and health insurance, wealth and asset management, and retirement services.