Power Co. of Canada (OTCMKTS:PWCDF – Get Free Report) saw a significant decline in short interest during the month of April. As of April 30th, there was short interest totaling 1,388,868 shares, a decline of 76.2% from the April 15th total of 5,832,433 shares. Based on an average daily volume of 67,539 shares, the short-interest ratio is presently 20.6 days.
Power Co. of Canada Stock Performance
PWCDF stock traded down $0.36 during midday trading on Wednesday, hitting $58.10. The company had a trading volume of 57,254 shares, compared to its average volume of 48,516. The stock’s 50 day moving average price is $51.08 and its 200 day moving average price is $50.55. Power Co. of Canada has a 52 week low of $34.21 and a 52 week high of $58.52.
Analyst Upgrades and Downgrades
A number of equities analysts recently weighed in on the stock. BMO Capital Markets reissued a “market perform” rating on shares of Power Co. of Canada in a research note on Tuesday. Desjardins reissued a “buy” rating on shares of Power Co. of Canada in a research report on Wednesday. Scotiabank reiterated an “outperform” rating on shares of Power Co. of Canada in a report on Tuesday, April 28th. Finally, Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of Power Co. of Canada in a research note on Wednesday, April 29th. Three investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.
Power Co. of Canada Company Profile
Power Co of Canada is a diversified international management and holding company founded in 1925 and headquartered in Montreal, Quebec. Through its principal subsidiaries, the company builds long-term value by investing in and providing strategic oversight to companies operating primarily in the financial services sector. Power Co maintains a long history of family ownership and stewardship, with former co-CEOs Paul Desmarais Jr. and André Desmarais playing key roles in its development over recent decades.
The company’s main areas of activity encompass life and health insurance, wealth and asset management, and retirement services.
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