Quebecor Inc. (OTCMKTS:QBCRF) Sees Significant Increase in Short Interest

Quebecor Inc. (OTCMKTS:QBCRF) was the recipient of a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 768,250 shares, a growth of 199.6% from the April 15th total of 256,449 shares. Currently, 0.3% of the shares of the company are short sold. Based on an average trading volume of 534 shares, the short-interest ratio is presently 1,438.7 days.

Quebecor Trading Up 4.0%

QBCRF stock traded up $1.69 during mid-day trading on Thursday, hitting $43.75. 526 shares of the company were exchanged, compared to its average volume of 5,777. The business has a 50 day simple moving average of $41.97 and a 200-day simple moving average of $38.53. Quebecor has a 1-year low of $26.16 and a 1-year high of $44.79.

Quebecor (OTCMKTS:QBCRF) last issued its quarterly earnings data on Thursday, May 14th. The company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.02.

Quebecor Company Profile

Quebecor Inc is a Canadian integrated media and telecommunications company offering a diversified portfolio of services and content. Through its wholly owned subsidiary Vidéotron, the company provides cable television, high-speed internet, wireless telephony and residential and business telecom solutions. Its media arm, Quebecor Media, publishes newspapers and magazines, operates specialty and conventional television networks and engages in digital media and advertising across multiple platforms.

Founded by Pierre Péladeau in 1965 as a printing enterprise in Montreal, Quebecor has expanded its operations over five decades into one of Canada’s leading content creators and service providers.