K-Bro Linen Inc. (OTCMKTS:KBRLF) Short Interest Update

K-Bro Linen Inc. (OTCMKTS:KBRLF) was the target of a significant increase in short interest in May. As of May 31st, there was short interest totalling 40,000 shares, an increase of 45.5% from the May 15th total of 27,500 shares. Based on an average daily volume of 2,000 shares, the short-interest ratio is currently 20.0 days.

K-Bro Linen Price Performance

Shares of OTCMKTS KBRLF traded down $0.13 during mid-day trading on Tuesday, hitting $26.07. The stock had a trading volume of 1,413 shares, compared to its average volume of 651. The company has a 50 day moving average of $25.31 and a two-hundred day moving average of $25.29. K-Bro Linen has a twelve month low of $22.60 and a twelve month high of $28.13.

Wall Street Analyst Weigh In

KBRLF has been the topic of a number of recent analyst reports. Raymond James reaffirmed an “outperform” rating on shares of K-Bro Linen in a research report on Monday, June 2nd. TD Securities reaffirmed a “buy” rating on shares of K-Bro Linen in a research report on Monday, March 24th.

K-Bro Linen Company Profile

K-Bro Linen Inc, together with its subsidiaries, provides laundry and linen services to healthcare institutions, hotels, and other commercial organizations in Canada and the United Kingdom. Its services include processing, management, and distribution of general and operating room linens, such as sheets, blankets, towels, surgical gowns, tablecloths, and drapes and other linens.