Park Lawn Co. (OTCMKTS:PRRWF) Sees Significant Decrease in Short Interest

Park Lawn Co. (OTCMKTS:PRRWF – Get Rating) was the recipient of a significant decrease in short interest in the month of May. As of May 15th, there was short interest totalling 24,900 shares, a decrease of 60.3% from the April 30th total of 62,700 shares. Based on an average daily trading volume, of 100 shares, the days-to-cover ratio is presently 249.0 days.

Park Lawn Price Performance

PRRWF stock remained flat at $18.61 during midday trading on Friday. The company had a trading volume of 390 shares, compared to its average volume of 867. The business has a fifty day moving average of $19.71 and a 200-day moving average of $19.62. Park Lawn has a 12-month low of $15.28 and a 12-month high of $27.84.

Analysts Set New Price Targets

PRRWF has been the topic of several analyst reports. National Bank Financial dropped their target price on Park Lawn from C$32.50 to C$32.00 in a report on Wednesday, May 17th. Scotiabank raised their target price on Park Lawn from C$32.00 to C$33.50 in a report on Monday, March 6th. Stifel Nicolaus assumed coverage on Park Lawn in a research note on Monday, March 20th. They set a “buy” rating for the company. Finally, Royal Bank of Canada decreased their target price on Park Lawn from C$44.00 to C$41.00 in a research report on Tuesday, February 28th.

Park Lawn Company Profile

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Park Lawn Corp. provides goods and services associated with the disposition and memorialization of human remains. Its products and services are sold on a pre-planned basis or at the time of a death. The company was founded in 1892 and is headquartered in Toronto, Canada.