Short Interest in The North West Company Inc. (OTCMKTS:NNWWF) Declines By 39.0%

The North West Company Inc. (OTCMKTS:NNWWF) saw a significant decline in short interest during the month of April. As of April 30th, there was short interest totaling 388,006 shares, a decline of 39.0% from the April 15th total of 636,516 shares. Based on an average trading volume of 13,921 shares, the short-interest ratio is currently 27.9 days.

North West Trading Up 1.6%

Shares of NNWWF traded up $0.59 on Friday, reaching $37.06. 7,001 shares of the company’s stock were exchanged, compared to its average volume of 11,567. The business has a 50 day moving average price of $38.61 and a two-hundred day moving average price of $36.87. North West has a 12 month low of $30.11 and a 12 month high of $41.59.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of North West in a research note on Thursday, April 9th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $56.00.

North West Company Profile

The North West Company Inc, through its subsidiaries, engages in the retail of food and everyday products and services to rural communities and urban neighborhood markets in northern Canada, rural Alaska, the South Pacific, and the Caribbean. The company operates Northern stores, which offers food, financial services, and general merchandise; NorthMart stores that provides fresh food products, apparel, and health products and services; and Quickstop convenience stores that provides ready-to-eat food products, and fuel and related services.