Short Interest in Power Co. of Canada (OTCMKTS:PWCDF) Declines By 76.2%

Power Co. of Canada (OTCMKTS:PWCDF) saw a significant decline in short interest during the month of April. As of April 30th, there was short interest totaling 1,388,868 shares, a decline of 76.2% from the April 15th total of 5,832,433 shares. Based on an average trading volume of 67,539 shares, the short-interest ratio is currently 20.6 days.

Analyst Upgrades and Downgrades

PWCDF has been the subject of a number of research reports. Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of Power Co. of Canada in a report on Wednesday, April 29th. TD Securities lowered Power Co. of Canada from a “buy” rating to a “hold” rating in a research report on Thursday. Desjardins reissued a “buy” rating on shares of Power Co. of Canada in a research note on Wednesday. BMO Capital Markets restated a “market perform” rating on shares of Power Co. of Canada in a research report on Tuesday. Finally, Scotiabank reiterated an “outperform” rating on shares of Power Co. of Canada in a report on Tuesday, April 28th. Three equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Power Co. of Canada Trading Down 1.0%

Shares of PWCDF traded down $0.57 on Friday, reaching $58.21. 8,047 shares of the company’s stock were exchanged, compared to its average volume of 48,862. Power Co. of Canada has a 12 month low of $34.21 and a 12 month high of $58.79. The business has a 50 day moving average price of $51.44 and a two-hundred day moving average price of $50.74.

About Power Co. of Canada

Power Co of Canada is a diversified international management and holding company founded in 1925 and headquartered in Montreal, Quebec. Through its principal subsidiaries, the company builds long-term value by investing in and providing strategic oversight to companies operating primarily in the financial services sector. Power Co maintains a long history of family ownership and stewardship, with former co-CEOs Paul Desmarais Jr. and André Desmarais playing key roles in its development over recent decades.

The company’s main areas of activity encompass life and health insurance, wealth and asset management, and retirement services.