Short Interest in Linamar Co. (OTCMKTS:LIMAF) Decreases By 38.6%

Linamar Co. (OTCMKTS:LIMAF) was the target of a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 55,936 shares, a drop of 38.6% from the April 30th total of 91,068 shares. Based on an average daily volume of 1,722 shares, the days-to-cover ratio is presently 32.5 days.

Linamar Price Performance

Shares of OTCMKTS LIMAF opened at $75.47 on Wednesday. Linamar has a 1-year low of $45.01 and a 1-year high of $76.53. The stock’s 50-day moving average is $65.09 and its 200 day moving average is $63.26.

Wall Street Analysts Forecast Growth

LIMAF has been the subject of several analyst reports. TD Securities restated a “buy” rating on shares of Linamar in a research note on Thursday, May 7th. Scotiabank restated a “sector perform” rating on shares of Linamar in a research note on Thursday, May 7th. Finally, BMO Capital Markets restated an “outperform” rating on shares of Linamar in a research note on Thursday, May 7th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

About Linamar

Linamar Corporation is a diversified global manufacturing company headquartered in Guelph, Ontario. The company serves automotive and industrial markets through precision machined and assembled components, modules and systems. Its operations span North America, Europe and Asia, with additional facilities in South America and emerging markets, supporting a broad customer base in passenger vehicles, commercial vehicles, construction, agriculture and energy industries.

In its Mobility segment, Linamar designs and produces powertrain systems, driveline components and other modules for internal combustion and electrified vehicles.