Great-West Lifeco Inc. (OTCMKTS:GWLIF) Short Interest Down 42.1% in June

Great-West Lifeco Inc. (OTCMKTS:GWLIF) was the recipient of a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 2,484,976 shares, a drop of 42.1% from the May 31st total of 4,289,821 shares. Based on an average trading volume of 8,366 shares, the days-to-cover ratio is currently 297.0 days.

Great-West Lifeco Price Performance

OTCMKTS GWLIF remained flat at $63.67 on Wednesday. 261,041 shares of the company were exchanged, compared to its average volume of 39,953. Great-West Lifeco has a twelve month low of $36.76 and a twelve month high of $63.67. The company’s 50 day moving average price is $57.49 and its 200-day moving average price is $50.98.

Analysts Set New Price Targets

A number of research firms have issued reports on GWLIF. TD Securities restated a “buy” rating on shares of Great-West Lifeco in a report on Thursday, May 7th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Great-West Lifeco in a report on Monday, May 11th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Great-West Lifeco in a research report on Friday, May 8th. Scotiabank restated an “outperform” rating on shares of Great-West Lifeco in a research note on Wednesday, April 29th. Finally, BMO Capital Markets reaffirmed a “market perform” rating on shares of Great-West Lifeco in a research report on Friday, May 8th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

About Great-West Lifeco

Great-West Lifeco Inc, trading on the OTCMKTS under the symbol GWLIF, is a Canadian-based financial services holding company. Headquartered in Winnipeg, Manitoba, it operates as a subsidiary of Power Financial Corporation and offers a broad range of insurance, retirement, and investment solutions. The company traces its heritage to the founding of Great-West Life Assurance Company in 1891 and was organized as a distinct holding entity in 2003 to oversee its growing global operations.

The firm’s primary lines of business include life, health and group insurance, as well as retirement savings products and employee benefit plans.