Short Interest in Power Co. of Canada (OTCMKTS:PWCDF) Decreases By 44.7%

Power Co. of Canada (OTCMKTS:PWCDF – Get Rating) was the recipient of a large decrease in short interest in the month of May. As of May 15th, there was short interest totalling 1,885,400 shares, a decrease of 44.7% from the April 30th total of 3,407,900 shares. Based on an average daily volume of 109,800 shares, the days-to-cover ratio is presently 17.2 days.

Power Co. of Canada Stock Performance

Shares of OTCMKTS:PWCDF opened at $25.96 on Friday. The company has a fifty day moving average of $26.10 and a 200-day moving average of $25.74. Power Co. of Canada has a 52-week low of $20.96 and a 52-week high of $30.10.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on PWCDF shares. Barclays increased their target price on Power Co. of Canada from C$39.00 to C$40.00 in a report on Tuesday. TD Securities raised their price objective on Power Co. of Canada from C$35.00 to C$38.00 in a research note on Wednesday, February 15th. Royal Bank of Canada raised their price objective on Power Co. of Canada from C$39.00 to C$41.00 in a research note on Friday, March 17th. BMO Capital Markets dropped their price objective on Power Co. of Canada from C$40.00 to C$39.00 in a research note on Wednesday, May 17th. Finally, National Bank Financial raised their price objective on Power Co. of Canada from C$40.00 to C$41.00 in a research note on Wednesday, May 17th.

About Power Co. of Canada

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Power Corp. of Canada is a management and holding company, which engages in the provision of financial services; asset management; and sustainable and renewable energy. It operates through the following segments: Lifeco, IGM Financial, and GBL. The Lifeco segment offers life and health insurance, retirement, and investment management services, and involves in the asset management and reinsurance businesses.