The North West Company Inc. (OTCMKTS:NNWWF) Sees Significant Increase in Short Interest

The North West Company Inc. (OTCMKTS:NNWWFGet Rating) saw a large growth in short interest in April. As of April 30th, there was short interest totalling 1,090,000 shares, a growth of 76.9% from the April 15th total of 616,200 shares. Based on an average trading volume of 100 shares, the short-interest ratio is presently 10,900.0 days.

NNWWF has been the subject of several analyst reports. TD Securities raised their price objective on North West from C$39.00 to C$40.00 in a report on Thursday, April 14th. Industrial Alliance Securities cut North West from a “buy” rating to a “hold” rating in a report on Thursday, April 14th. Finally, CIBC raised their price objective on North West from C$40.00 to C$41.00 in a report on Thursday, April 14th.

North West stock opened at $26.87 on Friday. North West has a 52 week low of $26.03 and a 52 week high of $31.54. The stock has a 50-day simple moving average of $29.24 and a 200 day simple moving average of $28.12.

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 northern Canada, rural 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; 26 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; 1 solo market, a store in remote market; 3 Pharmacy and Convenience stores; 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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