George Weston Ltd. (OTCMKTS:WNGRF) Short Interest Update

George Weston Ltd. (OTCMKTS:WNGRF) was the target of a significant increase in short interest in August. As of August 31st, there was short interest totaling 839,700 shares, an increase of 162.7% from the August 15th total of 319,700 shares. Based on an average daily trading volume, of 2,900 shares, the days-to-cover ratio is presently 289.6 days. Currently, 0.5% of the company’s stock are sold short. Currently, 0.5% of the company’s stock are sold short. Based on an average daily trading volume, of 2,900 shares, the days-to-cover ratio is presently 289.6 days.

George Weston Price Performance

Shares of OTCMKTS WNGRF opened at $63.06 on Friday. George Weston has a fifty-two week low of $49.82 and a fifty-two week high of $67.16. The business has a 50 day moving average price of $147.14 and a two-hundred day moving average price of $170.07. The company has a quick ratio of 0.77, a current ratio of 1.37 and a debt-to-equity ratio of 1.16. The firm has a market cap of $24.20 billion, a PE ratio of 34.27 and a beta of 0.57.

George Weston (OTCMKTS:WNGRF) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $2.21 earnings per share for the quarter, missing analysts’ consensus estimates of $2.48 by ($0.27). George Weston had a net margin of 1.67% and a return on equity of 12.84%. The business had revenue of $10.89 billion for the quarter, compared to analyst estimates of $14.80 billion.

Analysts Set New Price Targets

A number of research firms have recently issued reports on WNGRF. Scotiabank reiterated a “sector perform” rating on shares of George Weston in a research note on Thursday, August 21st. TD Securities reiterated a “buy” rating on shares of George Weston in a research note on Monday, July 28th. Finally, BMO Capital Markets reiterated a “market perform” rating on shares of George Weston in a research note on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, George Weston currently has a consensus rating of “Moderate Buy”.

About George Weston

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.