Great-West Lifeco Inc. (OTCMKTS:GWLIF) Short Interest Down 42.1% in June

Great-West Lifeco Inc. (OTCMKTS:GWLIF) was the recipient of a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 2,484,976 shares, a decrease of 42.1% from the May 31st total of 4,289,821 shares. Based on an average trading volume of 8,366 shares, the short-interest ratio is presently 297.0 days.

Great-West Lifeco Stock Performance

Shares of GWLIF stock remained flat at $63.67 during trading hours on Wednesday. 261,041 shares of the stock were exchanged, compared to its average volume of 39,953. Great-West Lifeco has a 12 month low of $36.76 and a 12 month high of $63.67. The business has a fifty day moving average price of $57.49 and a two-hundred day moving average price of $50.98.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on GWLIF shares. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Great-West Lifeco in a research note on Friday, May 8th. TD Securities reissued a “buy” rating on shares of Great-West Lifeco in a report on Thursday, May 7th. Scotiabank restated an “outperform” rating on shares of Great-West Lifeco in a research report on Wednesday, April 29th. BMO Capital Markets reaffirmed a “market perform” rating on shares of Great-West Lifeco in a report on Friday, May 8th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating on shares of Great-West Lifeco in a research note on Monday, May 11th. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

Great-West Lifeco Company Profile

Great-West Lifeco Inc, trading on the OTCMKTS under the symbol GWLIF, is a Canadian-based financial services holding company. Headquartered in Winnipeg, Manitoba, it operates as a subsidiary of Power Financial Corporation and offers a broad range of insurance, retirement, and investment solutions. The company traces its heritage to the founding of Great-West Life Assurance Company in 1891 and was organized as a distinct holding entity in 2003 to oversee its growing global operations.

The firm’s primary lines of business include life, health and group insurance, as well as retirement savings products and employee benefit plans.