The North West Company Inc. (OTCMKTS:NNWWF) Short Interest Update

The North West Company Inc. (OTCMKTS:NNWWF – Get Rating) was the recipient of a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 616,200 shares, an increase of 259.5% from the March 31st total of 171,400 shares. Based on an average trading volume of 500 shares, the days-to-cover ratio is currently 1,232.4 days.

A number of equities research analysts have recently weighed in on the stock. Industrial Alliance Securities lowered shares of North West from a “buy” rating to a “hold” rating in a report on Thursday, April 14th. TD Securities upped their price target on shares of North West from C$39.00 to C$40.00 in a report on Thursday, April 14th. Finally, CIBC upped their price target on shares of North West from C$40.00 to C$41.00 in a report on Thursday, April 14th.

OTCMKTS:NNWWF opened at $27.75 on Thursday. The company has a fifty day moving average of $29.39 and a 200 day moving average of $28.08. North West has a 52 week low of $26.03 and a 52 week high of $31.54.

North West Company Profile (Get Rating)

The North West Company Inc, through its subsidiaries, engages in the retail of food and everyday products and services to rural communities and urban neighborhood markets in Canada, Alaska, the South Pacific, and the Caribbean. The company's Canadian operations comprise 118 Northern stores, which offers food, financial services, and general merchandise; 5 NorthMart stores that provides fresh foods, apparel, and health products and services; 25 Quickstop convenience stores that provides ready-to-eat foods, and fuel and related services; 5 Giant Tiger junior discount stores, which offers family fashion, household products, and food; 2 Valu Lots discount center and direct-to-customer food distribution outlet; 2 Pharmacy and Convenience stores; 1 Solo Market store for rural market; and 1 North West Company motorsports dealership offering sales, service, parts and accessories for Ski-doo, Honda, Can-am and other premier brands.

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