Short Interest in Linamar Co. (OTCMKTS:LIMAF) Decreases By 38.6%

Linamar Co. (OTCMKTS:LIMAF) saw a large decrease in short interest in the month of May. As of May 15th, there was short interest totaling 55,936 shares, a decrease of 38.6% from the April 30th total of 91,068 shares. Based on an average trading volume of 1,722 shares, the days-to-cover ratio is presently 32.5 days.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Scotiabank reiterated a “sector perform” rating on shares of Linamar in a research note on Thursday, May 7th. BMO Capital Markets reiterated an “outperform” rating on shares of Linamar in a research note on Thursday, May 7th. Finally, TD Securities reiterated a “buy” rating on shares of Linamar in a research note on Thursday, May 7th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Linamar Stock Performance

Shares of OTCMKTS LIMAF opened at $75.47 on Wednesday. Linamar has a 52 week low of $45.01 and a 52 week high of $76.53. The business has a 50-day simple moving average of $65.09 and a two-hundred day simple moving average of $63.26.

About Linamar

Linamar Corporation is a diversified global manufacturing company headquartered in Guelph, Ontario. The company serves automotive and industrial markets through precision machined and assembled components, modules and systems. Its operations span North America, Europe and Asia, with additional facilities in South America and emerging markets, supporting a broad customer base in passenger vehicles, commercial vehicles, construction, agriculture and energy industries.

In its Mobility segment, Linamar designs and produces powertrain systems, driveline components and other modules for internal combustion and electrified vehicles.