Loblaw Companies Limited (OTCMKTS:LBLCF) Sees Significant Increase in Short Interest

Loblaw Companies Limited (OTCMKTS:LBLCF) saw a significant increase in short interest in August. As of August 31st, there was short interest totalling 1,336,400 shares, an increase of 20.0% from the August 15th total of 1,113,900 shares. Based on an average trading volume of 1,100 shares, the short-interest ratio is presently 1,214.9 days.

Loblaw Companies Trading Up 2.9 %

Shares of OTCMKTS:LBLCF traded up $3.72 on Friday, hitting $132.60. 105 shares of the company were exchanged, compared to its average volume of 5,583. Loblaw Companies has a 1-year low of $78.00 and a 1-year high of $132.60. The stock’s 50 day moving average price is $124.41 and its 200 day moving average price is $116.78.

Loblaw Companies Company Profile

Loblaw Companies Limited, a food and pharmacy company, provides grocery, pharmacy and healthcare services, health and beauty products, apparels, general merchandise, financial services, and wireless mobile products and services in Canada. It operates in two segments, Retail and Financial Services. The Retail segment operates corporate and franchise-owned retail food, and associate-owned drug stores.