Laurentian Bank of Canada (OTCMKTS:LRCDF) Short Interest Update

Laurentian Bank of Canada (OTCMKTS:LRCDF) was the recipient of a large decrease in short interest in the month of October. As of October 15th, there was short interest totaling 885,400 shares, a decrease of 26.4% from the September 30th total of 1,202,800 shares. Based on an average daily trading volume, of 5,100 shares, the days-to-cover ratio is presently 173.6 days. Based on an average daily trading volume, of 5,100 shares, the days-to-cover ratio is presently 173.6 days.

Wall Street Analysts Forecast Growth

Separately, Raymond James Financial restated a “market perform” rating on shares of Laurentian Bank of Canada in a report on Tuesday, September 2nd. Three equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce”.

Laurentian Bank of Canada Price Performance

LRCDF opened at $23.23 on Monday. The stock’s 50 day moving average price is $23.23 and its two-hundred day moving average price is $22.14. Laurentian Bank of Canada has a 12-month low of $18.00 and a 12-month high of $24.65.

About Laurentian Bank of Canada

Laurentian Bank of Canada, together with its subsidiaries, provides various financial services to personal, business, and institutional customers in Canada and the United States. It operates through three segments: Personal Banking, Commercial Banking, and Capital Markets. The Personal Banking segment offers financial services, such as financial advisory services to financial intermediaries; and operates digital direct-to-customer platform to retail clients.