Short Interest in Linamar Co. (OTCMKTS:LIMAF) Rises By 66.7%

Linamar Co. (OTCMKTS:LIMAFGet Rating) was the recipient of a significant growth in short interest in April. As of April 30th, there was short interest totalling 133,700 shares, a growth of 66.7% from the April 15th total of 80,200 shares. Based on an average trading volume of 2,800 shares, the days-to-cover ratio is presently 47.8 days.

OTCMKTS:LIMAF opened at $39.89 on Friday. Linamar has a one year low of $35.33 and a one year high of $69.43. The firm’s fifty day moving average price is $41.40 and its two-hundred day moving average price is $51.54.

Several analysts have issued reports on LIMAF shares. TD Securities dropped their price target on shares of Linamar from C$83.00 to C$80.00 in a research report on Thursday. BMO Capital Markets lowered shares of Linamar from an “outperform” rating to a “market perform” rating in a research report on Monday, March 7th. Scotiabank dropped their price target on shares of Linamar from C$105.00 to C$90.00 in a research report on Thursday, March 10th. Finally, CIBC dropped their price target on shares of Linamar from C$90.00 to C$85.00 in a research report on Monday, April 25th.

About Linamar (Get Rating)

Linamar Corporation, together with its subsidiaries, design, develop, and produce engineered products in Canada, North America, Europe, and the Asia Pacific. It operates through two segments, Mobility and Industrial. The Mobility segment engages in the design, development, and manufacture of precision metallic components, modules, and systems for vehicle and power generation markets.

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