Equitable Group Inc. (OTCMKTS:EQGPF) Short Interest Up 42.7% in April

Equitable Group Inc. (OTCMKTS:EQGPFGet Rating) was the recipient of a large increase in short interest during the month of April. As of April 30th, there was short interest totalling 237,100 shares, an increase of 42.7% from the April 15th total of 166,200 shares. Based on an average daily trading volume, of 400 shares, the short-interest ratio is currently 592.8 days.

Shares of Equitable Group stock remained flat at $$42.85 during trading hours on Friday. The stock had a trading volume of 66 shares, compared to its average volume of 499. The business’s 50-day simple moving average is $52.05 and its 200 day simple moving average is $60.07. Equitable Group has a 52 week low of $41.00 and a 52 week high of $65.00.

A number of brokerages have issued reports on EQGPF. TD Securities decreased their price target on Equitable Group from C$85.00 to C$80.00 in a research note on Wednesday. Raymond James raised their price target on Equitable Group from C$85.00 to C$86.50 in a research note on Thursday. Scotiabank decreased their price target on Equitable Group from C$94.00 to C$79.00 in a research note on Monday, May 9th. Royal Bank of Canada decreased their price target on Equitable Group from C$85.00 to C$80.00 in a research note on Thursday. Finally, BMO Capital Markets decreased their price target on Equitable Group from C$97.00 to C$91.00 in a research note on Thursday. Six investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $83.58.

About Equitable Group (Get Rating)

Equitable Group Inc, through its subsidiary, Equitable Bank, provides personal and commercial banking services to retail and commercial customers in Canada. The company accepts term deposits and guaranteed investment certificates, high interest savings accounts, tax-free savings accounts, and institutional deposit notes, as well as specialized financing solutions.

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