Short Interest in Great-West Lifeco Inc. (OTCMKTS:GWLIF) Declines By 46.1%

Great-West Lifeco Inc. (OTCMKTS:GWLIF) was the target of a large decline in short interest in October. As of October 15th, there was short interest totaling 1,529,800 shares, a decline of 46.1% from the September 30th total of 2,839,700 shares. Based on an average trading volume of 51,800 shares, the short-interest ratio is currently 29.5 days. Based on an average trading volume of 51,800 shares, the short-interest ratio is currently 29.5 days.

Great-West Lifeco Stock Performance

OTCMKTS:GWLIF opened at $42.39 on Friday. Great-West Lifeco has a 12 month low of $30.70 and a 12 month high of $42.78. The company’s 50-day moving average price is $40.36 and its two-hundred day moving average price is $38.64.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. UBS Group assumed coverage on shares of Great-West Lifeco in a research report on Thursday, October 16th. They set a “buy” rating on the stock. Scotiabank reiterated an “outperform” rating on shares of Great-West Lifeco in a research note on Thursday, August 7th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Great-West Lifeco has an average rating of “Moderate Buy”.

Great-West Lifeco Company Profile

Great-West Lifeco Inc engages in the life and health insurance, retirement and investment services, asset management, and reinsurance businesses in Canada, the United States, and Europe. The company offers life, accidental death and dismemberment, disability, critical illness, health and dental protection, and creditor insurance products; and retirement and wealth savings, income and annuity products, and other specialty products to individuals, families, businesses, and organizations.