Short Interest in Superior Plus Corp. (OTCMKTS:SUUIF) Drops By 54.0%

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

Analyst Ratings Changes

Several research firms recently weighed in on SUUIF. TD Securities restated a “hold” rating on shares of Superior Plus in a report on Friday, May 15th. BMO Capital Markets reiterated a “market perform” rating on shares of Superior Plus in a report on Thursday, May 14th. Scotiabank reiterated a “sector perform” rating on shares of Superior Plus in a report on Tuesday, May 19th. Desjardins downgraded shares of Superior Plus to a “hold” rating in a report on Monday, February 23rd. Finally, Canadian Imperial Bank of Commerce upgraded shares of Superior Plus from a “neutral” rating to an “outperform” rating in a report on Monday, April 20th. One analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Superior Plus presently has a consensus rating of “Hold”.

Superior Plus Price Performance

Shares of SUUIF remained flat at $6.07 during mid-day trading on Tuesday. 2,330 shares of the stock traded hands, compared to its average volume of 118,314. Superior Plus has a 12-month low of $4.34 and a 12-month high of $6.24. The firm’s fifty day simple moving average is $5.24 and its 200 day simple moving average is $5.19.

About Superior Plus

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.