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

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

Analyst Upgrades and Downgrades

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

North West Stock Performance

OTCMKTS:NNWWF remained flat at $37.06 on Monday. The company’s stock had a trading volume of 7,001 shares, compared to its average volume of 11,567. North West has a 12-month low of $30.11 and a 12-month high of $41.59. The business has a 50 day moving average of $38.61 and a 200-day moving average of $36.90.

North West Company Profile

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.