Cogeco Inc. (OTCMKTS:CGECF) Sees Significant Growth in Short Interest

Cogeco Inc. (OTCMKTS:CGECFGet Rating) saw a significant growth in short interest in the month of April. As of April 30th, there was short interest totalling 27,500 shares, a growth of 40.3% from the April 15th total of 19,600 shares. Based on an average daily volume of 200 shares, the days-to-cover ratio is currently 137.5 days.

Separately, TD Securities dropped their price objective on shares of Cogeco from C$135.00 to C$120.00 in a research report on Monday, May 2nd.

Shares of CGECF opened at $56.55 on Friday. The company’s 50-day moving average is $61.42 and its 200-day moving average is $62.83. Cogeco has a fifty-two week low of $53.91 and a fifty-two week high of $78.58.

Cogeco Company Profile (Get Rating)

Cogeco Inc, through its subsidiaries, operates in the communications and media sectors in Canada and the United States. The company operates in two segments, Communications and Other. The Communications segment provides a range of Internet, video, and telephony services through its two-way broadband fiber networks primarily to residential customers, as well as to small and medium sized businesses under the Cogeco Connexion name in Quebec and Ontario; and Atlantic Broadband brand in the United States.

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