Alimentation Couche-Tard Inc. (OTCMKTS:ANCTF) Short Interest Update

Alimentation Couche-Tard Inc. (OTCMKTS:ANCTFGet Rating) was the recipient of a significant decline in short interest in March. As of March 31st, there was short interest totalling 1,337,300 shares, a decline of 27.7% from the March 15th total of 1,848,400 shares. Based on an average trading volume of 9,600 shares, the days-to-cover ratio is currently 139.3 days.

Several equities research analysts recently issued reports on the company. Scotiabank upped their price target on Alimentation Couche-Tard from C$61.00 to C$64.00 in a report on Monday, March 14th. Desjardins upped their price target on Alimentation Couche-Tard from C$59.00 to C$60.00 in a research report on Tuesday, March 22nd. Canaccord Genuity Group raised Alimentation Couche-Tard from a “hold” rating to a “buy” rating and upped their price target for the company from C$51.00 to C$61.00 in a research report on Thursday, March 17th. Stifel Nicolaus lifted their target price on Alimentation Couche-Tard from C$49.00 to C$55.00 in a report on Thursday, March 17th. Finally, BMO Capital Markets lifted their target price on Alimentation Couche-Tard to C$65.00 in a report on Thursday, March 17th.

ANCTF opened at $44.93 on Friday. Alimentation Couche-Tard has a 52-week low of $33.24 and a 52-week high of $46.10. The stock’s 50 day moving average price is $41.53 and its 200-day moving average price is $40.18.

The company also recently declared a dividend, which was paid on Thursday, April 7th. Investors of record on Thursday, March 24th were paid a $0.0863 dividend. The ex-dividend date of this dividend was Wednesday, March 23rd. This represents a yield of 0.83%.

About Alimentation Couche-Tard (Get Rating)

Alimentation Couche-Tard Inc operates and licenses convenience stores. Its convenience stores sell tobacco products, grocery items, candies and snacks, beer, wine, beverages, and fresh food offerings; road transportation fuels; and aviation fuels, as well as energy for stationary engines. The company operates its convenience stores chain under the Circle K, Couche-Tard, Holiday, Ingo, and Mac's banners.

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