Short Interest in George Weston Limited (OTCMKTS:WNGRF) Expands By 17.9%

George Weston Limited (OTCMKTS:WNGRF) was the target of a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 192,400 shares, a growth of 17.9% from the March 15th total of 163,200 shares. Based on an average daily volume of 800 shares, the short-interest ratio is currently 240.5 days. Currently, 0.3% of the shares of the company are short sold.

George Weston Stock Performance

Shares of George Weston stock opened at $181.06 on Monday. The firm’s fifty day simple moving average is $164.22 and its 200-day simple moving average is $160.58. George Weston has a 12 month low of $128.11 and a 12 month high of $181.06. The stock has a market capitalization of $23.47 billion, a price-to-earnings ratio of 55.03 and a beta of 0.52. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.32 and a quick ratio of 0.77.

Wall Street Analyst Weigh In

Separately, Scotiabank downgraded George Weston from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 27th.

George Weston Company Profile

George Weston Limited provides food and drug retailing, and financial services in Canada. The company operates through two segments, Loblaw Companies Limited (Loblaw) and Choice Properties Real Estate Investment Trust (Choice Properties). The Loblaw segment provides grocery, pharmacy and healthcare services, health and beauty products, apparel, general merchandise, and financial services.