Short Interest in Great-West Lifeco Inc. (OTCMKTS:GWLIF) Declines By 46.1%

Great-West Lifeco Inc. (OTCMKTS:GWLIF) was the recipient of a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 1,529,800 shares, a decline of 46.1% from the September 30th total of 2,839,700 shares. Based on an average daily volume of 51,800 shares, the short-interest ratio is presently 29.5 days. Based on an average daily volume of 51,800 shares, the short-interest ratio is presently 29.5 days.

Analysts Set New Price Targets

A number of research firms have issued reports on GWLIF. UBS Group began coverage on shares of Great-West Lifeco in a report on Thursday, October 16th. They issued a “buy” rating for the company. Scotiabank reissued an “outperform” rating on shares of Great-West Lifeco in a report on Thursday, August 7th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Great-West Lifeco Price Performance

Great-West Lifeco stock opened at $42.39 on Friday. Great-West Lifeco has a 52 week low of $30.70 and a 52 week high of $42.78. The stock has a fifty day moving average of $40.36 and a 200-day moving average of $38.64.

Great-West Lifeco Company Profile

Great-West Lifeco Inc engages in the life and health insurance, retirement and investment services, asset management, and reinsurance businesses in Canada, the United States, and Europe. The company offers life, accidental death and dismemberment, disability, critical illness, health and dental protection, and creditor insurance products; and retirement and wealth savings, income and annuity products, and other specialty products to individuals, families, businesses, and organizations.