Power Co. of Canada (OTCMKTS:PWCDF) Short Interest Update

Power Co. of Canada (OTCMKTS:PWCDF) was the target of a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 6,999,365 shares, a decrease 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 Stock Down 1.9%

OTCMKTS:PWCDF traded down $1.26 during trading hours on Wednesday, hitting $65.07. The stock had a trading volume of 6,602 shares, compared to its average volume of 108,290. Power Co. of Canada has a 1-year low of $38.21 and a 1-year high of $70.74. The business has a 50 day simple moving average of $62.25 and a two-hundred day simple moving average of $54.95.

Analyst Ratings Changes

PWCDF has been the topic of several recent research reports. Royal Bank Of Canada reissued an “outperform” rating on shares of Power Co. of Canada in a research note on Thursday, May 14th. Desjardins reiterated a “buy” rating on shares of Power Co. of Canada in a report on Wednesday, May 13th. Scotiabank reissued an “outperform” rating on shares of Power Co. of Canada in a research report on Friday. TD Securities lowered Power Co. of Canada from a “buy” rating to a “hold” rating in a research note on Thursday, May 14th. Finally, Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of Power Co. of Canada in a research note on Wednesday, April 29th. Three analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, Power Co. of Canada currently 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.