Premium Brands Holdings Co. (OTCMKTS:PRBZF) Short Interest Update

Premium Brands Holdings Co. (OTCMKTS:PRBZF) was the recipient of a significant decrease in short interest during the month of April. As of April 30th, there was short interest totaling 302,655 shares, a decrease of 37.9% from the April 15th total of 487,307 shares. Based on an average daily trading volume, of 21,207 shares, the short-interest ratio is currently 14.3 days.

Premium Brands Stock Up 0.3%

Premium Brands stock traded up $0.21 during trading hours on Monday, reaching $63.03. 314 shares of the company were exchanged, compared to its average volume of 18,220. The stock has a 50-day moving average of $63.75 and a 200 day moving average of $68.60. Premium Brands has a 12 month low of $57.13 and a 12 month high of $77.81.

Analyst Ratings Changes

A number of research firms recently commented on PRBZF. BMO Capital Markets restated an “outperform” rating on shares of Premium Brands in a report on Friday, May 8th. Royal Bank Of Canada restated an “outperform” rating on shares of Premium Brands in a report on Friday, May 8th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Premium Brands in a research report on Friday, May 8th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of Premium Brands in a research report on Friday, May 8th. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Premium Brands Company Profile

Premium Brands Holdings Corp is a Canadian specialty food manufacturing and distribution company that develops, produces and markets a broad array of premium branded and private-label food products. The company serves retail, foodservice and take-home meal customers, offering a diverse portfolio that includes deli meats, fresh and frozen sandwiches, baked goods, seafood, plant-based proteins and artisanal cheeses. Premium Brands focuses on high-growth, value-added segments of the food industry where quality, convenience and innovation drive customer loyalty.

Through a strategy of organic development and targeted acquisitions, Premium Brands has assembled a network of production facilities and distribution centres across North America and selected international markets.