Power Co. of Canada (OTCMKTS:PWCDF) Short Interest Update

Power Co. of Canada (OTCMKTS:PWCDF) was the recipient of a significant decline in short interest in 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 daily volume of 67,539 shares, the short-interest ratio is presently 20.6 days.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on PWCDF shares. Desjardins reiterated a “buy” rating on shares of Power Co. of Canada in a research report on Wednesday. TD Securities cut Power Co. of Canada from a “buy” rating to a “hold” rating in a research note on Thursday. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of Power Co. of Canada in a report on Wednesday, April 29th. Scotiabank reiterated an “outperform” rating on shares of Power Co. of Canada in a research report on Tuesday, April 28th. Finally, BMO Capital Markets restated a “market perform” rating on shares of Power Co. of Canada in a research report on Tuesday. Two analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold”.

Power Co. of Canada Stock Up 0.9%

Shares of Power Co. of Canada stock traded up $0.50 on Thursday, reaching $58.60. 10,176 shares of the company were exchanged, compared to its average volume of 48,503. Power Co. of Canada has a fifty-two week low of $34.21 and a fifty-two week high of $58.79. The stock has a fifty day moving average price of $51.24 and a 200-day moving average price of $50.64.

Power Co. of Canada Company Profile

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.