Laurentian Bank of Canada (OTCMKTS:LRCDF) Stock Short Interest Declines 50.0%

Laurentian Bank of Canada (OTCMKTS:LRCDF) was the recipient of a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 408,904 shares, a decline of 50.0% from the September 30th total of 817,849 shares. Based on an average daily volume of 179,939 shares, the days-to-cover ratio is presently 2.3 days.

Laurentian Bank of Canada Price Performance

Shares of LRCDF remained flat at $28.92 during trading hours on Friday. 1,944,338 shares of the stock traded hands, compared to its average volume of 4,000. The stock has a 50 day moving average price of $28.87 and a two-hundred day moving average price of $29.01. Laurentian Bank of Canada has a 52 week low of $23.08 and a 52 week high of $29.61.

About Laurentian Bank of Canada

Laurentian Bank of Canada is a Canadian financial institution headquartered in Montreal, Quebec. Founded in 1846 as the Montreal City and District Savings Bank, the bank has a long history of serving individuals, businesses and institutional clients across Canada.

The bank provides a range of personal and commercial banking services, including deposit accounts, residential mortgages, personal loans, business financing and cash-management solutions. It also offers investment and wealth-management products, online banking and related financial services through its branch network and digital channels.

Laurentian Bank has traditionally maintained a strong presence in Quebec while serving customers in other parts of Canada.