Dominion Lending Centres Inc. (OTCMKTS:BRLGF) Sees Large Increase in Short Interest

Dominion Lending Centres Inc. (OTCMKTS:BRLGF) was the target of a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 43,847 shares, an increase of 92.8% from the May 31st total of 22,747 shares. Based on an average daily trading volume, of 100 shares, the days-to-cover ratio is currently 438.5 days.

Dominion Lending Centres Stock Performance

Shares of Dominion Lending Centres stock opened at $6.09 on Wednesday. The stock has a fifty day simple moving average of $6.62 and a 200 day simple moving average of $6.73. Dominion Lending Centres has a 12-month low of $5.85 and a 12-month high of $7.91.

Wall Street Analysts Forecast Growth

Separately, National Bank Financial assumed coverage on Dominion Lending Centres in a research note on Monday. They issued an “outperform” rating for the company. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, Dominion Lending Centres has an average rating of “Buy”.

About Dominion Lending Centres

Dominion Lending Centres is a Canadian mortgage brokerage network founded in 2006 and headquartered in London, Ontario. The company operates as a franchise-based platform, bringing together independently licensed mortgage professionals under a unified brand. By combining the reach of a national organization with the local expertise of its brokers, Dominion Lending Centres aims to simplify the mortgage process for homebuyers, homeowners looking to refinance, and investors seeking commercial financing solutions.

The firm’s core business activities center on residential and commercial mortgage origination.