Short Interest in Power Co. of Canada (OTCMKTS:PWCDF) Decreases By 44.7%

Power Co. of Canada (OTCMKTS:PWCDF – Get Rating) was the recipient of a large drop in short interest in the month of May. As of May 15th, there was short interest totalling 1,885,400 shares, a drop of 44.7% from the April 30th total of 3,407,900 shares. Based on an average daily volume of 109,800 shares, the short-interest ratio is currently 17.2 days.

Analyst Ratings Changes

PWCDF has been the subject of several research analyst reports. Royal Bank of Canada raised their target price on shares of Power Co. of Canada from C$39.00 to C$41.00 in a research note on Friday, March 17th. TD Securities raised their target price on shares of Power Co. of Canada from C$35.00 to C$38.00 in a research note on Wednesday, February 15th. Barclays lifted their price objective on shares of Power Co. of Canada from C$39.00 to C$40.00 in a research note on Tuesday. BMO Capital Markets dropped their price objective on shares of Power Co. of Canada from C$40.00 to C$39.00 in a research note on Wednesday, May 17th. Finally, National Bank Financial raised their target price on shares of Power Co. of Canada from C$40.00 to C$41.00 in a report on Wednesday, May 17th.

Power Co. of Canada Stock Performance

OTCMKTS:PWCDF opened at $25.96 on Friday. Power Co. of Canada has a one year low of $20.96 and a one year high of $30.10. The firm has a 50-day simple moving average of $26.10 and a 200-day simple moving average of $25.74.

Power Co. of Canada Company Profile

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Power Corp. of Canada is a management and holding company, which engages in the provision of financial services; asset management; and sustainable and renewable energy. It operates through the following segments: Lifeco, IGM Financial, and GBL. The Lifeco segment offers life and health insurance, retirement, and investment management services, and involves in the asset management and reinsurance businesses.