Recipe Unlimited Co. (OTCMKTS:RCPUF) Sees Significant Drop in Short Interest

Recipe Unlimited Co. (OTCMKTS:RCPUFGet Rating) saw a large drop in short interest during the month of March. As of March 31st, there was short interest totalling 67,800 shares, a drop of 45.0% from the March 15th total of 123,300 shares. Based on an average daily volume of 100 shares, the days-to-cover ratio is currently 678.0 days.

Several research analysts have weighed in on the company. Scotiabank lowered their target price on Recipe Unlimited from C$32.00 to C$30.00 in a research note on Monday, March 7th. Royal Bank of Canada decreased their price target on Recipe Unlimited from C$23.00 to C$21.00 in a research note on Monday, March 7th. Finally, BMO Capital Markets decreased their price target on Recipe Unlimited from C$28.00 to C$24.00 in a research note on Monday, March 7th.

RCPUF stock remained flat at $$11.00 during midday trading on Friday. The company has a 50 day simple moving average of $12.21 and a 200-day simple moving average of $13.90. Recipe Unlimited has a twelve month low of $11.00 and a twelve month high of $19.12.

About Recipe Unlimited (Get Rating)

Recipe Unlimited Corporation operates and franchises full-service restaurants brands. It operates through four segments: Corporate Restaurants, Franchise Restaurants, Retail and Catering, and Central Operations. The company operates and/or franchises restaurants under the Swiss Chalet, Harvey's, Montana's, Kelsey's, East Side Mario's, Prime Pubs, Bier Markt, The Landing Group of Restaurants, New York Fries, St-Hubert, Original Joe's, State & Main, Elephant & Castle, The Burger's Priest, The Pickle Barrel, The Keg, Anejo, Blanco Cantina, Casey's, Fresh, Ultimate Kitchens, Fionn MacCool's, and Marigolds & Onions brand names.

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