Short Interest in Loblaw Companies Limited (OTCMKTS:LBLCF) Drops By 13.6%

Loblaw Companies Limited (OTCMKTS:LBLCF) saw a significant drop in short interest in the month of February. As of February 15th, there was short interest totalling 444,500 shares, a drop of 13.6% from the January 31st total of 514,600 shares. Based on an average daily trading volume, of 14,500 shares, the days-to-cover ratio is currently 30.7 days.

Loblaw Companies Stock Performance

Shares of LBLCF stock traded up $4.37 on Thursday, reaching $130.78. 2,383 shares of the company’s stock traded hands, compared to its average volume of 6,875. Loblaw Companies has a 12-month low of $105.91 and a 12-month high of $137.53. The business’s 50 day moving average price is $127.74 and its two-hundred day moving average price is $128.81.

About Loblaw Companies

Loblaw Companies Limited, a food and pharmacy company, provides grocery, pharmacy and healthcare services, health and beauty products, apparels, general merchandise, financial services, and wireless mobile products and services in Canada. It operates in two segments, Retail and Financial Services. The Retail segment operates corporate and franchise-owned retail food, and associate-owned drug stores.