Short Interest in Great-West Lifeco Inc. (OTCMKTS:GWLIF) Expands By 8.2%

Great-West Lifeco Inc. (OTCMKTS:GWLIF – Get Rating) was the recipient of a significant growth in short interest in the month of April. As of April 30th, there was short interest totalling 6,718,500 shares, a growth of 8.2% from the April 15th total of 6,210,000 shares. Based on an average trading volume of 3,400 shares, the short-interest ratio is presently 1,976.0 days.

Great-West Lifeco Stock Performance

Great-West Lifeco stock opened at $28.20 on Tuesday. The business has a 50-day moving average of $27.08 and a 200-day moving average of $25.39. Great-West Lifeco has a 1 year low of $19.97 and a 1 year high of $29.20.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. TD Securities lifted their target price on shares of Great-West Lifeco from C$37.00 to C$42.00 in a research note on Wednesday, May 10th. Scotiabank raised their target price on Great-West Lifeco from C$38.00 to C$39.00 in a research note on Friday, February 10th. National Bank Financial increased their price objective on shares of Great-West Lifeco from C$36.00 to C$38.00 in a report on Friday, May 5th. CIBC upgraded shares of Great-West Lifeco from a “neutral” rating to an “outperform” rating in a research report on Friday, February 10th. Finally, Desjardins raised their price target on shares of Great-West Lifeco from C$35.00 to C$37.00 in a report on Friday, February 10th.

About Great-West Lifeco

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Great-West Lifeco, Inc is a financial services holding company, which engages in the provision of life insurance, health insurance, retirement services, investment management and reinsurance services. It operates through the following segments: Canada, United States, Europe, and Lifeco Corporate. The Canada segment provides individual & group life insurance through the Great-West Life, London Life and Canada Life.