Short Interest in Premium Brands Holdings Co. (OTCMKTS:PRBZF) Drops By 37.9%

Premium Brands Holdings Co. (OTCMKTS:PRBZF) saw a large decrease in short interest in April. As of April 30th, there was short interest totaling 302,655 shares, a decrease of 37.9% from the April 15th total of 487,307 shares. Based on an average daily volume of 21,207 shares, the days-to-cover ratio is currently 14.3 days.

Premium Brands Stock Performance

Shares of Premium Brands stock traded down $0.86 on Friday, hitting $62.82. The company had a trading volume of 3,448 shares, compared to its average volume of 18,485. Premium Brands has a 1 year low of $57.13 and a 1 year high of $77.81. The stock has a 50 day moving average of $63.75 and a 200-day moving average of $68.60.

Analyst Upgrades and Downgrades

PRBZF has been the topic of a number of research reports. BMO Capital Markets reaffirmed an “outperform” rating on shares of Premium Brands in a research note on Friday, May 8th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Premium Brands in a report on Friday, May 8th. Scotiabank restated an “outperform” rating on shares of Premium Brands in a report on Friday, May 8th. Finally, Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Premium Brands in a research note on Friday, May 8th. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

About Premium Brands

Premium Brands Holdings Corp is a Canadian specialty food manufacturing and distribution company that develops, produces and markets a broad array of premium branded and private-label food products. The company serves retail, foodservice and take-home meal customers, offering a diverse portfolio that includes deli meats, fresh and frozen sandwiches, baked goods, seafood, plant-based proteins and artisanal cheeses. Premium Brands focuses on high-growth, value-added segments of the food industry where quality, convenience and innovation drive customer loyalty.

Through a strategy of organic development and targeted acquisitions, Premium Brands has assembled a network of production facilities and distribution centres across North America and selected international markets.