Short Interest in Quebecor Inc. (OTCMKTS:QBCRF) Rises By 246.7%

Quebecor Inc. (OTCMKTS:QBCRF) saw a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 2,663,321 shares, a growth of 246.7% from the April 30th total of 768,250 shares. Approximately 1.2% of the shares of the company are short sold. Based on an average daily volume of 417 shares, the short-interest ratio is currently 6,386.9 days.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on QBCRF shares. Scotiabank reiterated a “sector perform” rating on shares of Quebecor in a research report on Friday, May 15th. TD Securities reiterated a “buy” rating on shares of Quebecor in a research report on Friday, May 15th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating on shares of Quebecor in a research report on Friday, May 15th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Quebecor has an average rating of “Moderate Buy”.

Quebecor Stock Performance

OTCMKTS:QBCRF opened at $48.56 on Friday. Quebecor has a 12 month low of $26.93 and a 12 month high of $48.90. The company’s 50-day moving average price is $43.07 and its two-hundred day moving average price is $39.77.

Quebecor (OTCMKTS:QBCRF) last released its quarterly earnings results on Thursday, May 14th. The company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.02. The firm had revenue of $1 billion during the quarter, compared to analyst estimates of $982.02 million.

About Quebecor

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.