Empire Company Limited (OTCMKTS:EMLAF) Sees Significant Drop in Short Interest

Empire Company Limited (OTCMKTS:EMLAF) was the recipient of a large decrease in short interest during the month of October. As of October 31st, there was short interest totalling 1,497,600 shares, a decrease of 11.4% from the October 15th total of 1,689,700 shares. Based on an average daily trading volume, of 13,000 shares, the short-interest ratio is presently 115.2 days.

Empire Price Performance

Shares of EMLAF opened at $29.02 on Tuesday. Empire has a fifty-two week low of $22.27 and a fifty-two week high of $30.47. The business has a 50-day moving average of $29.49 and a 200 day moving average of $26.92.

About Empire

Empire Company Limited, together with its subsidiaries, engages in the food retail and related real estate businesses in Canada. It operates through two segments, Food Retailing, and Investments and Other Operations. The company owns, affiliates, and franchises retail stores under various retail banners, including Sobeys, Safeway, IGA, Foodland, FreshCo, Thrifty Foods, Farm Boy, Longo's, and Lawtons Drugs; and operates grocery e-commerce stores under the banners, such as Voilà, Grocery Gateway, IGA.net, and ThriftyFoods.com.