AutoCanada Inc. (OTCMKTS:AOCIF) Sees Significant Growth in Short Interest

AutoCanada Inc. (OTCMKTS:AOCIF) was the recipient of a large increase in short interest during the month of February. As of February 13th, there was short interest totaling 351,976 shares, an increase of 20.1% from the January 29th total of 292,987 shares. Based on an average daily trading volume, of 5,088 shares, the short-interest ratio is currently 69.2 days. Based on an average daily trading volume, of 5,088 shares, the short-interest ratio is currently 69.2 days.

Analyst Ratings Changes

Separately, Royal Bank Of Canada reissued a “sector perform” rating on shares of AutoCanada in a report on Monday, November 17th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

AutoCanada Stock Down 0.8%

AOCIF stock opened at $19.48 on Wednesday. The company has a 50 day moving average price of $19.48 and a two-hundred day moving average price of $19.82. AutoCanada has a one year low of $10.73 and a one year high of $25.60.

About AutoCanada

AutoCanada Inc is an independent multi-location automotive dealership group headquartered in Edmonton, Alberta. The company operates a network of franchised retail dealerships, pre-owned vehicle outlets and collision repair centers. AutoCanada’s dealerships represent leading national and international original equipment manufacturers (OEMs), offering new vehicles as well as certified pre-owned and used automobiles to retail customers. In addition to vehicle sales, the company provides parts and service operations, delivering maintenance, warranty work and genuine OEM parts for a variety of makes and models.

Founded in 2006 by automotive entrepreneur Paul Antony, AutoCanada has grown through strategic acquisitions and organic expansion.