Canaccord Genuity Group Inc. (OTCMKTS:CCORF) Sees Significant Increase in Short Interest

Canaccord Genuity Group Inc. (OTCMKTS:CCORF – Get Rating) was the recipient of a significant increase in short interest during the month of May. As of May 15th, there was short interest totalling 846,500 shares, an increase of 275.2% from the April 30th total of 225,600 shares. Based on an average daily volume of 4,000 shares, the days-to-cover ratio is presently 211.6 days.

Canaccord Genuity Group Stock Performance

Canaccord Genuity Group stock remained flat at $7.04 during trading hours on Friday. The company’s stock had a trading volume of 13 shares, compared to its average volume of 8,817. Canaccord Genuity Group has a 12 month low of $4.71 and a 12 month high of $8.78. The firm has a fifty day simple moving average of $7.64 and a two-hundred day simple moving average of $7.35.

Analysts Set New Price Targets

Separately, TD Securities boosted their price objective on Canaccord Genuity Group from C$11.00 to C$11.50 in a research note on Friday, February 10th.

Canaccord Genuity Group Company Profile

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Canaccord Genuity Group, Inc operates as a financial services company. It operates through the following segments: Wealth Management and Capital Markets. The Wealth Management segment provides wealth management solutions and brokerage services to individual, investors, private clients, charities and intermediaries.