Great-West Lifeco Inc. (OTCMKTS:GWLIF) Short Interest Down 72.7% in March

Great-West Lifeco Inc. (OTCMKTS:GWLIFGet Rating) saw a large decrease in short interest during the month of March. As of March 31st, there was short interest totalling 1,477,700 shares, a decrease of 72.7% from the March 15th total of 5,407,600 shares. Based on an average daily volume of 6,800 shares, the short-interest ratio is presently 217.3 days.

Several analysts have issued reports on GWLIF shares. Scotiabank decreased their price objective on shares of Great-West Lifeco from C$42.00 to C$41.00 in a research note on Friday, February 11th. BMO Capital Markets raised their price target on Great-West Lifeco from C$41.00 to C$42.00 in a research note on Monday, February 14th. Desjardins upped their price objective on Great-West Lifeco from C$40.00 to C$42.00 in a research report on Monday, February 14th. Finally, Barclays lifted their target price on Great-West Lifeco from C$42.00 to C$45.00 in a research report on Friday, February 11th. Nine analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $41.40.

Great-West Lifeco stock traded down $0.27 during trading hours on Wednesday, hitting $29.24. 571 shares of the stock traded hands, compared to its average volume of 5,018. Great-West Lifeco has a 1 year low of $26.99 and a 1 year high of $32.70. The firm’s 50 day moving average price is $29.66 and its 200-day moving average price is $29.99.

Great-West Lifeco Company Profile (Get Rating)

Great-West Lifeco Inc, a financial services holding company, engages in the life and health insurance, retirement and investment services, asset management, and reinsurance businesses in Canada, the United States, and Europe. The company offers a portfolio of financial and benefit plan solutions for individuals, families, businesses, and organizations; life, disability, critical illness, accidental death, dismemberment, health and dental protection, and creditor insurance products; and retirement savings and income, annuity, and other specialty products.

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