Short Interest in Loblaw Companies Limited (OTCMKTS:LBLCF) Expands By 29.3%

Loblaw Companies Limited (OTCMKTS:LBLCF) saw a significant growth in short interest in February. As of February 28th, there was short interest totalling 574,700 shares, a growth of 29.3% from the February 13th total of 444,500 shares. Based on an average trading volume of 9,700 shares, the days-to-cover ratio is currently 59.2 days.

Loblaw Companies Price Performance

Shares of LBLCF remained flat at $128.64 during mid-day trading on Tuesday. 6,812 shares of the stock were exchanged, compared to its average volume of 6,928. The firm has a 50-day moving average of $127.43 and a two-hundred day moving average of $129.10. Loblaw Companies has a 12 month low of $106.90 and a 12 month high of $137.53.

Loblaw Companies Company Profile

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.