K-Bro Linen Inc. (OTCMKTS:KBRLF) Short Interest Update

K-Bro Linen Inc. (OTCMKTS:KBRLF) was the recipient of a large increase in short interest in May. As of May 31st, there was short interest totalling 40,000 shares, an increase of 45.5% from the May 15th total of 27,500 shares. Based on an average trading volume of 2,000 shares, the short-interest ratio is currently 20.0 days.

Analysts Set New Price Targets

KBRLF has been the subject of a number of analyst reports. TD Securities reiterated a “buy” rating on shares of K-Bro Linen in a research note on Monday, March 24th. Raymond James restated an “outperform” rating on shares of K-Bro Linen in a research report on Monday, June 2nd.

K-Bro Linen Trading Up 1.2%

KBRLF stock traded up $0.31 on Monday, hitting $26.20. The company had a trading volume of 300 shares, compared to its average volume of 617. K-Bro Linen has a 12-month low of $22.60 and a 12-month high of $28.13. The stock’s 50-day simple moving average is $25.27 and its 200 day simple moving average is $25.30.

K-Bro Linen Company Profile

K-Bro Linen Inc, together with its subsidiaries, provides laundry and linen services to healthcare institutions, hotels, and other commercial organizations in Canada and the United Kingdom. Its services include processing, management, and distribution of general and operating room linens, such as sheets, blankets, towels, surgical gowns, tablecloths, and drapes and other linens.