Alimentation Couche-Tard Inc. (OTCMKTS:ANCTF) Short Interest Update

Alimentation Couche-Tard Inc. (OTCMKTS:ANCTF) was the recipient of a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 3,505,324 shares, an increase of 95.5% from the June 15th total of 1,792,833 shares. Based on an average trading volume of 232,528 shares, the days-to-cover ratio is currently 15.1 days.

Alimentation Couche-Tard Stock Up 1.1%

Shares of ANCTF opened at $64.04 on Friday. Alimentation Couche-Tard has a 1 year low of $47.24 and a 1 year high of $66.49. The stock has a 50 day simple moving average of $60.17 and a two-hundred day simple moving average of $58.21.

Alimentation Couche-Tard (OTCMKTS:ANCTF) last posted its earnings results on Monday, June 22nd. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.19. The business had revenue of $19.49 billion during the quarter, compared to the consensus estimate of $18.51 billion.

Wall Street Analyst Weigh In

ANCTF has been the topic of several analyst reports. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Alimentation Couche-Tard in a research note on Wednesday, June 24th. Scotiabank reaffirmed an “outperform” rating on shares of Alimentation Couche-Tard in a research note on Thursday, June 11th. BMO Capital Markets reiterated a “market perform” rating on shares of Alimentation Couche-Tard in a report on Wednesday, June 24th. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of Alimentation Couche-Tard in a report on Tuesday, June 23rd. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

Alimentation Couche-Tard Company Profile

Alimentation Couche-Tard is a Canadian multinational operator of convenience stores and fuel service stations. Headquartered in Laval, Quebec, the company manages a broad network of outlets offering convenience products, fresh food offerings and fuel under a variety of brand names. Its retail sites typically feature grab-and-go snacks, beverages, tobacco products and basic grocery items, alongside ancillary services such as car washes and loyalty programs.

Founded in 1980, Couche-Tard began as a single convenience store in Laval and has grown rapidly through both organic expansion and targeted acquisitions.