Premium Brands Holdings Co. (OTCMKTS:PRBZF) Short Interest Update

Premium Brands Holdings Co. (OTCMKTS:PRBZF) saw a large decrease in short interest during the month of April. As of April 30th, there was short interest totaling 302,655 shares, a decrease of 37.9% from the April 15th total of 487,307 shares. Based on an average trading volume of 21,207 shares, the short-interest ratio is presently 14.3 days.

Analysts Set New Price Targets

A number of brokerages have issued reports on PRBZF. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Premium Brands in a report on Friday, May 8th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Premium Brands in a research note on Friday, May 8th. Scotiabank reiterated an “outperform” rating on shares of Premium Brands in a report on Friday, May 8th. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of Premium Brands in a research report on Friday, May 8th. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Premium Brands Stock Down 1.3%

Shares of Premium Brands stock traded down $0.86 on Friday, hitting $62.82. 3,448 shares of the company’s stock traded hands, compared to its average volume of 18,485. The company has a fifty day moving average of $63.75 and a two-hundred day moving average of $68.60. Premium Brands has a one year low of $57.13 and a one year high of $77.81.

Premium Brands Company Profile

Premium Brands Holdings Corp is a Canadian specialty food manufacturing and distribution company that develops, produces and markets a broad array of premium branded and private-label food products. The company serves retail, foodservice and take-home meal customers, offering a diverse portfolio that includes deli meats, fresh and frozen sandwiches, baked goods, seafood, plant-based proteins and artisanal cheeses. Premium Brands focuses on high-growth, value-added segments of the food industry where quality, convenience and innovation drive customer loyalty.

Through a strategy of organic development and targeted acquisitions, Premium Brands has assembled a network of production facilities and distribution centres across North America and selected international markets.