Short Interest in EQB Inc. (OTCMKTS:EQGPF) Increases By 11.1%

EQB Inc. (OTCMKTS:EQGPF – Get Rating) was the target of a large increase in short interest in the month of December. As of December 30th, there was short interest totalling 548,800 shares, an increase of 11.1% from the December 15th total of 493,900 shares. Based on an average daily volume of 800 shares, the days-to-cover ratio is presently 686.0 days.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. National Bank Financial reduced their price target on shares of EQB from C$73.00 to C$68.00 in a research report on Tuesday, October 25th. TD Securities lifted their price target on shares of EQB from C$75.00 to C$80.00 in a research report on Friday, November 25th. Raymond James lifted their price target on shares of EQB from C$85.50 to C$87.00 in a research report on Wednesday, November 9th. Finally, Royal Bank of Canada lifted their price objective on shares of EQB from C$69.00 to C$70.00 in a report on Thursday, November 10th.

EQB Price Performance

EQGPF opened at $42.99 on Tuesday. The firm’s fifty day moving average price is $42.18 and its two-hundred day moving average price is $40.04. EQB has a 1 year low of $33.21 and a 1 year high of $61.70.

EQB Company Profile

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EQB 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.