The North West Company Inc. (OTCMKTS:NNWWF) Short Interest Down 39.0% in April

The North West Company Inc. (OTCMKTS:NNWWF) was the recipient of a large decrease in short interest in the month of April. As of April 30th, there was short interest totaling 388,006 shares, a decrease of 39.0% from the April 15th total of 636,516 shares. Based on an average daily volume of 13,921 shares, the short-interest ratio is presently 27.9 days.

North West Trading Up 2.2%

OTCMKTS:NNWWF traded up $0.82 on Tuesday, hitting $37.29. 172 shares of the company’s stock were exchanged, compared to its average volume of 11,567. The firm has a 50-day moving average price of $38.53 and a 200-day moving average price of $36.93. North West has a 52 week low of $30.11 and a 52 week high of $41.59.

Analyst Ratings Changes

Separately, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of North West in a research note on Thursday, April 9th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $56.00.

About North West

The North West Company Inc, through its subsidiaries, engages in the retail of food and everyday products and services to rural communities and urban neighborhood markets in northern Canada, rural Alaska, the South Pacific, and the Caribbean. The company operates Northern stores, which offers food, financial services, and general merchandise; NorthMart stores that provides fresh food products, apparel, and health products and services; and Quickstop convenience stores that provides ready-to-eat food products, and fuel and related services.