Power Co. of Canada (OTCMKTS:PWCDF) Short Interest Update

Power Co. of Canada (OTCMKTS:PWCDF) was the recipient of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 6,693,300 shares, an increase of 63.7% from the August 31st total of 4,088,400 shares. Based on an average trading volume of 64,100 shares, the short-interest ratio is presently 104.4 days. Based on an average trading volume of 64,100 shares, the short-interest ratio is presently 104.4 days.

Power Co. of Canada Trading Up 0.5%

Shares of Power Co. of Canada stock opened at $43.83 on Wednesday. Power Co. of Canada has a 52-week low of $29.14 and a 52-week high of $44.14. The stock has a 50-day simple moving average of $41.96 and a 200-day simple moving average of $38.99.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on PWCDF shares. Scotiabank reaffirmed an “outperform” rating on shares of Power Co. of Canada in a report on Monday, August 11th. Royal Bank Of Canada lowered Power Co. of Canada from an “outperform” rating to a “sector perform” rating in a report on Monday, August 11th. BMO Capital Markets reaffirmed a “market perform” rating on shares of Power Co. of Canada in a report on Friday, August 8th. Jefferies Financial Group lowered Power Co. of Canada to a “hold” rating in a report on Friday, August 8th. Finally, TD Securities reiterated a “buy” rating on shares of Power Co. of Canada in a research report on Monday, August 11th. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold”.

Power Co. of Canada Company Profile

Power Corporation of Canada, an international management and holding company, offers financial services in North America, Europe, and Asia. It operates through Lifeco, IGM Financial, and GBL segments. The company offers life, health and dental, disability, critical illness, and creditor insurance; accidental death and dismemberment; retirement savings and income and annuity products; and life assurance, pension, and investment products to individuals and small business owners.