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

Loblaw Companies Limited (OTCMKTS:LBLCF) saw a large growth in short interest during the month of 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 daily volume of 9,700 shares, the short-interest ratio is currently 59.2 days.

Loblaw Companies Stock Performance

Shares of Loblaw Companies stock remained flat at $128.64 during trading on Tuesday. 6,812 shares of the stock were exchanged, compared to its average volume of 6,928. Loblaw Companies has a 1-year low of $106.90 and a 1-year high of $137.53. The firm’s fifty day simple moving average is $127.43 and its two-hundred day simple moving average is $129.10.

About Loblaw Companies

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.