Alimentation Couche-Tard Inc. (OTCMKTS:ANCTF) Sees Large Decrease in Short Interest

Alimentation Couche-Tard Inc. (OTCMKTS:ANCTF) was the target of a large decrease in short interest in the month of October. As of October 31st, there was short interest totalling 6,648,900 shares, a decrease of 5.6% from the October 15th total of 7,045,200 shares. Based on an average trading volume of 55,000 shares, the short-interest ratio is presently 120.9 days.

Wall Street Analyst Weigh In

Several research firms have issued reports on ANCTF. CIBC upped their target price on shares of Alimentation Couche-Tard from C$78.00 to C$79.00 in a research note on Friday, September 8th. BMO Capital Markets upped their price target on shares of Alimentation Couche-Tard from C$75.00 to C$78.00 in a research report on Friday, September 8th. Stifel Nicolaus upped their price target on shares of Alimentation Couche-Tard from C$76.00 to C$81.00 in a research report on Friday, September 8th. National Bank Financial upped their price target on shares of Alimentation Couche-Tard from C$78.00 to C$81.00 in a research report on Friday, September 8th. Finally, Scotiabank upped their price target on shares of Alimentation Couche-Tard from C$78.00 to C$82.00 in a research report on Wednesday, August 30th.

Alimentation Couche-Tard Price Performance

Alimentation Couche-Tard stock opened at $56.77 on Friday. The firm has a 50 day moving average of $53.93 and a 200 day moving average of $51.53. Alimentation Couche-Tard has a 12-month low of $43.27 and a 12-month high of $57.96.

Alimentation Couche-Tard (OTCMKTS:ANCTF) last released its earnings results on Wednesday, September 6th. The company reported $0.86 earnings per share (EPS) for the quarter. The firm had revenue of $15.62 billion during the quarter.

Alimentation Couche-Tard Company Profile

Alimentation Couche-Tard Inc operates and licenses convenience stores in North America, Europe, and Asia. Its convenience stores sell tobacco products and alternative tobacco products, grocery items, candies and snacks, beer, wine, beverages, and fresh food offerings; road transportation fuels and electric vehicle charging solutions; and aviation fuels, as well as energy for stationary engines.