Alimentation Couche-Tard Inc. (OTCMKTS:ANCTF) Short Interest Update

Alimentation Couche-Tard Inc. (OTCMKTS:ANCTF) was the target of a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 3,505,324 shares, a growth of 95.5% from the June 15th total of 1,792,833 shares. Based on an average daily volume of 232,528 shares, the short-interest ratio is currently 15.1 days.

Analyst Upgrades and Downgrades

Several brokerages have commented on ANCTF. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Alimentation Couche-Tard in a report on Wednesday, June 24th. Royal Bank Of Canada reissued an “outperform” rating on shares of Alimentation Couche-Tard in a research note on Tuesday, June 23rd. Scotiabank restated an “outperform” rating on shares of Alimentation Couche-Tard in a research report on Thursday, June 11th. Finally, BMO Capital Markets restated a “market perform” rating on shares of Alimentation Couche-Tard in a research report on Wednesday, June 24th. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Alimentation Couche-Tard presently has a consensus rating of “Moderate Buy”.

Alimentation Couche-Tard Stock Down 2.1%

OTCMKTS:ANCTF opened at $63.35 on Thursday. Alimentation Couche-Tard has a 52 week low of $47.24 and a 52 week high of $66.49. The firm’s fifty day moving average is $60.05 and its 200-day moving average is $58.14.

Alimentation Couche-Tard (OTCMKTS:ANCTF) last announced its earnings results on Monday, June 22nd. The company reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.19. The firm had revenue of $19.49 billion for the quarter, compared to the consensus estimate of $18.51 billion.

About Alimentation Couche-Tard

Alimentation Couche-Tard is a Canadian multinational operator of convenience stores and fuel service stations. Headquartered in Laval, Quebec, the company manages a broad network of outlets offering convenience products, fresh food offerings and fuel under a variety of brand names. Its retail sites typically feature grab-and-go snacks, beverages, tobacco products and basic grocery items, alongside ancillary services such as car washes and loyalty programs.

Founded in 1980, Couche-Tard began as a single convenience store in Laval and has grown rapidly through both organic expansion and targeted acquisitions.