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

Power Co. of Canada (OTCMKTS:PWCDF – Get Free Report) saw a significant 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 daily trading volume, of 43,211 shares, the short-interest ratio is presently 168.1 days.

Wall Street Analyst Weigh In

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

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Power Co. of Canada Trading Up 0.7%

OTCMKTS:PWCDF traded up $0.43 during trading hours on Friday, reaching $60.95. 25,842 shares of the stock were exchanged, compared to its average volume of 87,330. Power Co. of Canada has a 52 week low of $37.89 and a 52 week high of $69.16. The firm has a 50 day simple moving average of $58.57 and a 200-day simple moving average of $53.23.

About Power Co. of Canada

(Get Free Report)

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.

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