Alimentation Couche-Tard Inc. (OTCMKTS:ANCTF) Short Interest Up 95.5% in June

Alimentation Couche-Tard Inc. (OTCMKTS:ANCTF) saw a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 3,505,324 shares, a growth of 95.5% from the June 15th total of 1,792,833 shares. Based on an average daily volume of 232,528 shares, the short-interest ratio is currently 15.1 days.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Scotiabank reaffirmed an “outperform” rating on shares of Alimentation Couche-Tard in a report on Thursday, June 11th. Royal Bank Of Canada reissued an “outperform” rating on shares of Alimentation Couche-Tard in a report on Tuesday, June 23rd. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Alimentation Couche-Tard in a research report on Wednesday, June 24th. Finally, BMO Capital Markets reaffirmed a “market perform” rating on shares of Alimentation Couche-Tard in a research note on Wednesday, June 24th. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Alimentation Couche-Tard Stock Performance

ANCTF stock opened at $64.76 on Friday. The company has a fifty day moving average of $60.30 and a 200-day moving average of $58.25. Alimentation Couche-Tard has a one year low of $47.24 and a one year high of $66.49.

Alimentation Couche-Tard (OTCMKTS:ANCTF) last issued its quarterly earnings results on Monday, June 22nd. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.19. The firm had revenue of $19.49 billion for the quarter, compared to analyst estimates of $18.51 billion.

About Alimentation Couche-Tard

Alimentation Couche-Tard is a Canadian multinational operator of convenience stores and fuel service stations. Headquartered in Laval, Quebec, the company manages a broad network of outlets offering convenience products, fresh food offerings and fuel under a variety of brand names. Its retail sites typically feature grab-and-go snacks, beverages, tobacco products and basic grocery items, alongside ancillary services such as car washes and loyalty programs.

Founded in 1980, Couche-Tard began as a single convenience store in Laval and has grown rapidly through both organic expansion and targeted acquisitions.