Linamar Co. (OTCMKTS:LIMAF – Get Rating) was the recipient of a significant increase in short interest during the month of February. As of February 15th, there was short interest totalling 404,200 shares, an increase of 8.2% from the January 31st total of 373,500 shares. Based on an average trading volume of 2,000 shares, the days-to-cover ratio is currently 202.1 days.
Wall Street Analysts Forecast Growth
Several equities research analysts have weighed in on LIMAF shares. Raymond James started coverage on shares of Linamar in a report on Friday, January 13th. They issued an “outperform” rating on the stock. TD Securities increased their target price on shares of Linamar from C$77.00 to C$86.00 in a report on Friday, February 3rd. Scotiabank increased their target price on shares of Linamar from C$80.00 to C$90.00 in a report on Wednesday, December 7th. Finally, BMO Capital Markets increased their target price on shares of Linamar from C$80.00 to C$92.00 in a report on Thursday.
Linamar Stock Performance
Shares of OTCMKTS:LIMAF opened at $55.96 on Monday. Linamar has a 12 month low of $35.33 and a 12 month high of $55.96. The company’s fifty day simple moving average is $50.74 and its 200 day simple moving average is $47.51.
Linamar Company Profile
Linamar Corp. is a diversified manufacturing company, which engages in engineered products powering vehicles, motion, work and lives. It operates through the following segments: Transportation and Industrial. The Transportation segment .The Industrial segment designs and produces mobile industrial equipment, aerial work platforms and telehandlers agricultural equipment.
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