Linamar Co. (OTCMKTS:LIMAF) Sees Large Drop in Short Interest

Linamar Co. (OTCMKTS:LIMAFGet Rating) saw a large drop in short interest in May. As of May 15th, there was short interest totalling 83,900 shares, a drop of 37.2% from the April 30th total of 133,700 shares. Based on an average trading volume of 7,000 shares, the days-to-cover ratio is currently 12.0 days.

Several research analysts have commented on LIMAF shares. BMO Capital Markets downgraded Linamar from an “outperform” rating to a “market perform” rating in a report on Monday, March 7th. CIBC cut their target price on Linamar from C$90.00 to C$85.00 in a report on Monday, April 25th. Scotiabank cut their target price on Linamar from C$105.00 to C$90.00 in a report on Thursday, March 10th. Finally, TD Securities cut their target price on Linamar from C$83.00 to C$80.00 in a report on Thursday, May 12th.

LIMAF stock opened at $41.34 on Friday. The stock has a 50-day moving average price of $40.95 and a 200-day moving average price of $50.46. Linamar has a 1-year low of $35.33 and a 1-year high of $69.43.

Linamar Company Profile (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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