Great-West Lifeco Inc. (OTCMKTS:GWLIF) Sees Large Drop in Short Interest

Great-West Lifeco Inc. (OTCMKTS:GWLIF) was the recipient of a large decrease in short interest in June. As of June 15th, there was short interest totaling 2,484,976 shares, a decrease of 42.1% from the May 31st total of 4,289,821 shares. Based on an average daily volume of 8,366 shares, the short-interest ratio is currently 297.0 days.

Great-West Lifeco Stock Performance

Shares of Great-West Lifeco stock opened at $64.15 on Friday. The firm’s 50-day moving average price is $57.85 and its two-hundred day moving average price is $51.16. Great-West Lifeco has a 12-month low of $36.88 and a 12-month high of $64.15.

Analyst Upgrades and Downgrades

GWLIF has been the topic of a number of recent research reports. BMO Capital Markets reiterated a “market perform” rating on shares of Great-West Lifeco in a report on Friday, May 8th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Great-West Lifeco in a report on Monday, May 11th. Scotiabank restated an “outperform” rating on shares of Great-West Lifeco in a research note on Wednesday, April 29th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Great-West Lifeco in a research note on Friday, May 8th. Finally, TD Securities reissued a “buy” rating on shares of Great-West Lifeco in a report on Thursday, May 7th. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Great-West Lifeco Company Profile

Great-West Lifeco Inc, trading on the OTCMKTS under the symbol GWLIF, is a Canadian-based financial services holding company. Headquartered in Winnipeg, Manitoba, it operates as a subsidiary of Power Financial Corporation and offers a broad range of insurance, retirement, and investment solutions. The company traces its heritage to the founding of Great-West Life Assurance Company in 1891 and was organized as a distinct holding entity in 2003 to oversee its growing global operations.

The firm’s primary lines of business include life, health and group insurance, as well as retirement savings products and employee benefit plans.