Canaccord Genuity Group Inc. (OTCMKTS:CCORF) Sees Significant Growth in Short Interest

Canaccord Genuity Group Inc. (OTCMKTS:CCORF) was the recipient of a significant increase in short interest in June. As of June 30th, there was short interest totaling 230,104 shares, an increase of 91.6% from the June 15th total of 120,086 shares. Based on an average daily volume of 164,630 shares, the short-interest ratio is presently 1.4 days.

Canaccord Genuity Group Stock Performance

Shares of OTCMKTS CCORF remained flat at $10.98 during trading on Friday. 43,791 shares of the stock traded hands, compared to its average volume of 26,770. The firm has a fifty day moving average of $9.79 and a two-hundred day moving average of $9.17. Canaccord Genuity Group has a 52-week low of $6.40 and a 52-week high of $11.00.

About Canaccord Genuity Group

Canaccord Genuity Group (OTCMKTS: CCORF) is a global, full-service investment bank and financial services firm providing a range of advisory, financing, research and sales and trading services. The company’s primary business activities include equity and debt underwriting, mergers and acquisitions advisory, institutional brokerage, and wealth management. Through its integrated platform, Canaccord Genuity serves corporate, institutional and high-net-worth clients with customized capital markets solutions and strategic advice.

Founded in Vancouver in 1950, the firm has grown through a combination of organic expansion and targeted acquisitions, including the 2010 merger with Genuity Capital Markets, which bolstered its corporate finance capabilities.