AutoCanada Inc. (OTCMKTS:AOCIF) Short Interest Up 20.1% in February

AutoCanada Inc. (OTCMKTS:AOCIF) was the recipient of a large growth in short interest in the month of February. As of February 13th, there was short interest totaling 351,976 shares, a growth of 20.1% from the January 29th total of 292,987 shares. Based on an average daily volume of 5,088 shares, the short-interest ratio is currently 69.2 days. Based on an average daily volume of 5,088 shares, the short-interest ratio is currently 69.2 days.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of AutoCanada in a research report on Monday, November 17th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

AutoCanada Stock Performance

Shares of OTCMKTS:AOCIF opened at $19.48 on Wednesday. AutoCanada has a twelve month low of $10.73 and a twelve month high of $25.60. The firm has a 50 day simple moving average of $19.48 and a 200-day simple moving average of $19.82.

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.