High Liner Foods Incorporated (OTCMKTS:HLNFF) Sees Large Increase in Short Interest

High Liner Foods Incorporated (OTCMKTS:HLNFF) was the target of a large increase in short interest in the month of September. As of September 30th, there was short interest totalling 11,000 shares, an increase of 161.9% from the September 15th total of 4,200 shares. Based on an average daily trading volume, of 100 shares, the short-interest ratio is presently 110.0 days.

HLNFF has been the subject of several recent analyst reports. Royal Bank of Canada upped their price objective on shares of High Liner Foods from C$13.00 to C$15.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 18th. Scotiabank upped their price objective on shares of High Liner Foods from C$14.00 to C$14.50 and gave the stock a “sector perform” rating in a report on Wednesday, August 18th. Finally, BMO Capital Markets upped their price objective on shares of High Liner Foods from C$15.00 to C$15.50 and gave the stock a “market perform” rating in a report on Wednesday, August 18th.

Shares of High Liner Foods stock remained flat at $$10.55 during mid-day trading on Thursday. The company’s 50 day simple moving average is $10.63 and its 200-day simple moving average is $10.84. High Liner Foods has a 1 year low of $7.07 and a 1 year high of $11.43.

About High Liner Foods

High Liner Foods, Inc engages in the processing and marketing of prepared and packaged frozen seafood products. It also markets its products under the brands High Liner, Icelandic Seafood, FPI, Viking, Mirabel, American Pride Seafood, Fisher Boy, Sea Cuisine, and 40 Fathoms. The company was founded in 1967 and is headquartered in Lunenburg, Canada.

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