Power Co. of Canada (OTCMKTS:PWCDF) Sees Large Increase in Short Interest

Power Co. of Canada (OTCMKTS:PWCDF) was the target of a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 6,693,300 shares, a growth of 63.7% from the August 31st total of 4,088,400 shares. Based on an average daily trading volume, of 64,100 shares, the days-to-cover ratio is currently 104.4 days. Based on an average daily trading volume, of 64,100 shares, the days-to-cover ratio is currently 104.4 days.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. TD Securities restated a “buy” rating on shares of Power Co. of Canada in a research note on Monday, August 11th. Jefferies Financial Group cut Power Co. of Canada to a “hold” rating in a report on Friday, August 8th. Scotiabank restated an “outperform” rating on shares of Power Co. of Canada in a report on Monday, August 11th. BMO Capital Markets reaffirmed a “market perform” rating on shares of Power Co. of Canada in a research report on Friday, August 8th. Finally, Royal Bank Of Canada lowered shares of Power Co. of Canada from an “outperform” rating to a “sector perform” rating in a research report on Monday, August 11th. Two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold”.

Power Co. of Canada Price Performance

OTCMKTS:PWCDF opened at $43.60 on Tuesday. The firm has a 50-day moving average of $41.89 and a two-hundred day moving average of $38.95. Power Co. of Canada has a 1-year low of $29.14 and a 1-year high of $44.00.

About Power Co. of Canada

Power Corporation of Canada, an international management and holding company, offers financial services in North America, Europe, and Asia. It operates through Lifeco, IGM Financial, and GBL segments. The company offers life, health and dental, disability, critical illness, and creditor insurance; accidental death and dismemberment; retirement savings and income and annuity products; and life assurance, pension, and investment products to individuals and small business owners.