Power Co. of Canada (OTCMKTS:PWCDF – Get Free Report) saw a significant decline in short interest in July. As of July 15th, there was short interest totaling 6,999,365 shares, a decline of 43.3% from the June 30th total of 12,347,335 shares. Based on an average daily trading volume, of 355,079 shares, the short-interest ratio is presently 19.7 days.
Power Co. of Canada Price Performance
Shares of Power Co. of Canada stock traded up $1.39 on Thursday, reaching $66.14. The company had a trading volume of 10,770 shares, compared to its average volume of 108,165. The firm’s 50 day moving average price is $62.35 and its two-hundred day moving average price is $55.04. Power Co. of Canada has a 52-week low of $38.21 and a 52-week high of $70.74.
Wall Street Analyst Weigh In
PWCDF has been the topic of a number of recent analyst reports. Royal Bank Of Canada restated an “outperform” rating on shares of Power Co. of Canada in a report on Thursday, May 14th. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of Power Co. of Canada in a research report on Wednesday, April 29th. Desjardins restated a “buy” rating on shares of Power Co. of Canada in a research report on Wednesday, May 13th. TD Securities cut shares of Power Co. of Canada from a “buy” rating to a “hold” rating in a research report on Thursday, May 14th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of Power Co. of Canada in a research note on Friday, July 24th. Three investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold”.
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.
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