Short Interest in George Weston Limited (OTCMKTS:WNGRF) Drops By 33.7%

George Weston Limited (OTCMKTS:WNGRF) saw a significant drop in short interest in the month of January. As of January 15th, there was short interest totalling 128,200 shares, a drop of 33.7% from the December 31st total of 193,400 shares. Based on an average daily volume of 300 shares, the days-to-cover ratio is presently 427.3 days.

George Weston Price Performance

WNGRF opened at $152.33 on Friday. The business has a 50 day moving average of $157.15 and a 200-day moving average of $158.94. The stock has a market capitalization of $19.81 billion, a price-to-earnings ratio of 46.30 and a beta of 0.57. The company has a current ratio of 1.32, a quick ratio of 0.77 and a debt-to-equity ratio of 1.08. George Weston has a 1-year low of $124.99 and a 1-year high of $167.55.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on WNGRF shares. Scotiabank upgraded shares of George Weston from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 8th. Cibc World Mkts raised George Weston to a “strong-buy” rating in a research report on Wednesday, November 20th.

About George Weston

George Weston Limited provides food and drug retailing, and financial services in Canada. The company operates through two segments, Loblaw Companies Limited (Loblaw) and Choice Properties Real Estate Investment Trust (Choice Properties). The Loblaw segment provides grocery, pharmacy and healthcare services, health and beauty products, apparel, general merchandise, and financial services.