Canadian Tire Co., Limited (OTCMKTS:CDNTF) Short Interest Update

Canadian Tire Co., Limited (OTCMKTS:CDNTF) was the target of a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 5 shares, a decline of 94.5% from the August 15th total of 91 shares. Based on an average daily trading volume, of 0 shares, the short-interest ratio is currently ∞ days.

Canadian Tire Stock Performance

Shares of OTCMKTS CDNTF opened at $155.70 on Friday. Canadian Tire has a 1 year low of $150.14 and a 1 year high of $236.05. The firm’s 50 day moving average price is $160.73 and its 200 day moving average price is $168.04.

Institutional Investors Weigh In On Canadian Tire

Hedge funds and other institutional investors have recently made changes to their positions in the business. WIT Partners Advisory Pte. Ltd. acquired a new position in Canadian Tire in the second quarter valued at $1,954,065,000. Robotti Robert purchased a new stake in Canadian Tire in the 2nd quarter valued at about $12,515,000. Finally, Pacific Heights Asset Management LLC purchased a new stake in Canadian Tire in the 2nd quarter valued at about $23,700,000. Hedge funds and other institutional investors own 2.23% of the company’s stock.

Canadian Tire Company Profile

Canadian Tire Corporation, Limited is a diversified Canadian retail company known for its extensive portfolio of automotive, home, and leisure products. Through its signature Canadian Tire retail stores, the company offers a wide range of goods including automotive parts and accessories, tools and hardware, sporting equipment, home appliances, and seasonal products. In addition to its brick-and-mortar footprint, Canadian Tire operates an integrated e-commerce platform that supports online ordering, in-store pickup, and delivery services.

Founded in 1922 by brothers John W.