Superior Plus Corp. (OTCMKTS:SUUIF) Sees Large Decrease in Short Interest

Superior Plus Corp. (OTCMKTS:SUUIF) was the target of a significant drop in short interest during the month of May. As of May 15th, there was short interest totaling 985,416 shares, a drop of 54.0% from the April 30th total of 2,139,999 shares. Based on an average trading volume of 158,681 shares, the short-interest ratio is currently 6.2 days.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Desjardins cut shares of Superior Plus to a “hold” rating in a research report on Monday, February 23rd. TD Securities reaffirmed a “hold” rating on shares of Superior Plus in a research report on Friday, May 15th. Scotiabank reaffirmed a “sector perform” rating on shares of Superior Plus in a research report on Tuesday, May 19th. Raymond James Financial cut shares of Superior Plus from an “outperform” rating to a “market perform” rating in a research report on Monday, February 23rd. Finally, BMO Capital Markets reaffirmed a “market perform” rating on shares of Superior Plus in a research report on Thursday, May 14th. One investment analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, Superior Plus currently has an average rating of “Hold”.

Superior Plus Trading Down 0.7%

SUUIF stock traded down $0.04 during midday trading on Friday, reaching $6.06. 2,010 shares of the company’s stock traded hands, compared to its average volume of 119,561. Superior Plus has a fifty-two week low of $4.34 and a fifty-two week high of $6.24. The business has a 50-day moving average price of $5.22 and a two-hundred day moving average price of $5.19.

Superior Plus Company Profile

Superior Plus Partnership (OTCMKTS: SUUIF) is a Canada-based energy and chemical distribution company with operations spanning both North America and select international markets. Through its Energy Distribution segment, the company delivers propane and distillate fuels to residential, commercial, agricultural and industrial customers. Its fleet of bulk transport vehicles and network of retail locations provides reliable home heating, on-farm energy and commercial fuel solutions across Canada and the United States.

The Specialty Chemicals segment of Superior Plus produces and distributes a range of chlorine-based products, including sodium chlorate, chlor-alkali chemicals and chlorine dioxide.