Short Interest in Alimentation Couche-Tard Inc. (OTCMKTS:ANCTF) Grows By 40.4%

Alimentation Couche-Tard Inc. (OTCMKTS:ANCTF) saw a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 3,063,800 shares, agrowthof40.4% from the July 15th total of 2,182,100 shares. Based on an average daily trading volume, of 133,700 shares, the short-interest ratio is presently 22.9 days. Based on an average daily trading volume, of 133,700 shares, the short-interest ratio is presently 22.9 days.

Alimentation Couche-Tard Trading Down 0.1%

Shares of ANCTF stock opened at $50.7325 on Thursday. The company’s fifty day moving average price is $51.76 and its two-hundred day moving average price is $50.94. Alimentation Couche-Tard has a 12 month low of $45.61 and a 12 month high of $59.83.

Alimentation Couche-Tard (OTCMKTS:ANCTF) last released its earnings results on Wednesday, June 25th. The company reported $0.46 earnings per share for the quarter, hitting the consensus estimate of $0.46. The company had revenue of $16.27 billion during the quarter, compared to the consensus estimate of $16.83 billion.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. National Bankshares reiterated an “outperform” rating on shares of Alimentation Couche-Tard in a report on Monday. TD Securities reaffirmed a “buy” rating on shares of Alimentation Couche-Tard in a research note on Thursday, July 17th. Three research analysts have rated the stock with a Strong Buy rating and three have assigned a Buy rating to the stock. According to data from MarketBeat.com, Alimentation Couche-Tard has an average rating of “Strong Buy”.

About Alimentation Couche-Tard

Alimentation Couche-Tard Inc operates and licenses convenience stores in North America, Europe, and Asia. It offers cigarette products and other nicotine 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.