Laurentian Bank of Canada (OTCMKTS:LRCDF) Sees Significant Decrease in Short Interest

Laurentian Bank of Canada (OTCMKTS:LRCDF) saw a significant drop in short interest in the month of April. As of April 15th, there was short interest totalling 1,166,000 shares, a drop of 14.4% from the March 31st total of 1,362,500 shares. Based on an average daily volume of 6,600 shares, the days-to-cover ratio is presently 176.7 days.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets reiterated a “market perform” rating on shares of Laurentian Bank of Canada in a research report on Monday, March 3rd.

Laurentian Bank of Canada Price Performance

Shares of LRCDF stock opened at $19.63 on Monday. Laurentian Bank of Canada has a 12-month low of $17.85 and a 12-month high of $21.92. The firm has a fifty day moving average of $18.86 and a 200-day moving average of $19.53.

Laurentian Bank of Canada Company Profile

Laurentian Bank of Canada, together with its subsidiaries, provides various financial services to personal, business, and institutional customers in Canada and the United States. It operates through three segments: Personal Banking, Commercial Banking, and Capital Markets. The Personal Banking segment offers financial services, such as financial advisory services to financial intermediaries; and operates digital direct-to-customer platform to retail clients.