AutoCanada Inc. (OTCMKTS:AOCIF – Get Free Report) was the target of a large growth in short interest in the month of March. As of March 31st, there was short interest totaling 706,079 shares, a growth of 103.2% from the March 15th total of 347,480 shares. Based on an average daily trading volume, of 27,017 shares, the days-to-cover ratio is currently 26.1 days.
AutoCanada Price Performance
Shares of AOCIF opened at $14.77 on Friday. The stock’s fifty day simple moving average is $17.55 and its 200 day simple moving average is $18.00. AutoCanada has a twelve month low of $10.73 and a twelve month high of $25.60.
About AutoCanada
AutoCanada Inc is an independent multi-location automotive dealership group headquartered in Edmonton, Alberta. The company operates a network of franchised retail dealerships, pre-owned vehicle outlets and collision repair centers. AutoCanada’s dealerships represent leading national and international original equipment manufacturers (OEMs), offering new vehicles as well as certified pre-owned and used automobiles to retail customers. In addition to vehicle sales, the company provides parts and service operations, delivering maintenance, warranty work and genuine OEM parts for a variety of makes and models.
Founded in 2006 by automotive entrepreneur Paul Antony, AutoCanada has grown through strategic acquisitions and organic expansion.
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