Short Interest in Great-West Lifeco Inc. (OTCMKTS:GWLIF) Increases By 31.9%

Great-West Lifeco Inc. (OTCMKTS:GWLIFGet Rating) was the recipient of a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 1,948,400 shares, a growth of 31.9% from the March 31st total of 1,477,700 shares. Based on an average trading volume of 3,400 shares, the days-to-cover ratio is presently 573.1 days.

OTCMKTS:GWLIF traded down $0.25 during midday trading on Monday, reaching $27.61. 4,900 shares of the company traded hands, compared to its average volume of 4,704. Great-West Lifeco has a twelve month low of $26.99 and a twelve month high of $32.70. The company has a fifty day moving average price of $28.94 and a 200 day moving average price of $29.81.

Several equities analysts have recently commented on the stock. Desjardins increased their price target on shares of Great-West Lifeco from C$40.00 to C$42.00 in a research report on Monday, February 14th. National Bank Financial reduced their target price on Great-West Lifeco from C$39.00 to C$38.00 in a report on Wednesday, April 20th. Scotiabank lowered their price target on Great-West Lifeco from C$41.00 to C$38.00 in a report on Monday. BMO Capital Markets upped their price target on Great-West Lifeco from C$41.00 to C$42.00 in a research report on Monday, February 14th. Finally, Barclays lifted their price objective on shares of Great-West Lifeco from C$42.00 to C$45.00 in a report on Friday, February 11th. Nine analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $41.10.

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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