Canadian Tire Co., Limited (OTCMKTS:CDNTF) Sees Significant Decrease in Short Interest

Canadian Tire Co., Limited (OTCMKTS:CDNTF) was the recipient of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 5 shares, a decrease of 94.5% from the August 15th total of 91 shares. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is presently ? days.

Institutional Investors Weigh In On Canadian Tire

Institutional investors have recently bought and sold shares of the stock. Pacific Heights Asset Management LLC acquired a new position in Canadian Tire during the second quarter worth approximately $23,700,000. WIT Partners Advisory Pte. Ltd. purchased a new stake in shares of Canadian Tire during the 2nd quarter valued at $1,954,065,000. Finally, Robotti Robert purchased a new stake in shares of Canadian Tire during the 2nd quarter valued at $12,515,000. 2.23% of the stock is currently owned by hedge funds and other institutional investors.

Canadian Tire Stock Performance

CDNTF remained flat at $155.70 during midday trading on Thursday. Canadian Tire has a 52-week low of $150.14 and a 52-week high of $236.05. The stock’s fifty day moving average price is $161.98 and its two-hundred day moving average price is $168.14.

About Canadian Tire

Canadian Tire Corporation, Limited is a diversified Canadian retail company known for its extensive portfolio of automotive, home, and leisure products. Through its signature Canadian Tire retail stores, the company offers a wide range of goods including automotive parts and accessories, tools and hardware, sporting equipment, home appliances, and seasonal products. In addition to its brick-and-mortar footprint, Canadian Tire operates an integrated e-commerce platform that supports online ordering, in-store pickup, and delivery services.

Founded in 1922 by brothers John W.