K-Bro Linen Inc. (OTCMKTS:KBRLF) Short Interest Up 30.0% in April

K-Bro Linen Inc. (OTCMKTS:KBRLF) was the target of a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 7,800 shares, an increase of 30.0% from the March 31st total of 6,000 shares. Based on an average daily trading volume, of 100 shares, the short-interest ratio is presently 78.0 days.

K-Bro Linen Stock Performance

Shares of OTCMKTS KBRLF opened at $25.24 on Friday. The stock’s 50 day moving average price is $24.03 and its two-hundred day moving average price is $25.47. K-Bro Linen has a 52-week low of $22.60 and a 52-week high of $28.13.

Wall Street Analyst Weigh In

Separately, TD Securities reiterated a “buy” rating on shares of K-Bro Linen in a research note on Monday, March 24th.

About K-Bro Linen

K-Bro Linen Inc, together with its subsidiaries, provides laundry and linen services to healthcare institutions, hotels, and other commercial organizations in Canada and the United Kingdom. Its services include processing, management, and distribution of general and operating room linens, such as sheets, blankets, towels, surgical gowns, tablecloths, and drapes and other linens.