Short Interest in Park Lawn Co. (OTCMKTS:PRRWF) Drops By 54.4%

Park Lawn Co. (OTCMKTS:PRRWFGet Rating) saw a large decrease in short interest in March. As of March 31st, there was short interest totalling 45,400 shares, a decrease of 54.4% from the March 15th total of 99,600 shares. Based on an average daily volume of 100 shares, the days-to-cover ratio is currently 454.0 days.

Shares of OTCMKTS:PRRWF traded down $0.09 during mid-day trading on Friday, hitting $24.97. 10 shares of the company traded hands, compared to its average volume of 378. Park Lawn has a 12-month low of $24.99 and a 12-month high of $33.09. The stock has a 50-day moving average price of $26.59 and a two-hundred day moving average price of $29.03.

PRRWF has been the subject of several research reports. CIBC increased their target price on Park Lawn from C$45.00 to C$48.00 in a research report on Friday, January 21st. Scotiabank decreased their target price on Park Lawn from C$46.00 to C$44.00 in a research note on Monday, March 7th. Finally, National Bank Financial decreased their price objective on Park Lawn from C$45.50 to C$45.00 in a report on Monday, March 7th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $46.83.

About Park Lawn (Get Rating)

Park Lawn Corporation, together with its subsidiaries, provides deathcare products and services in Canada and the United States. The company primarily offers cemetery lots, crypts, niches, monuments, caskets, urns, and other merchandise, as well as funeral, after life celebration, cemetery, and cremation services.

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