Short Interest in Empire Company Limited (OTCMKTS:EMLAF) Drops By 23.0%

Empire Company Limited (OTCMKTS:EMLAF) was the target of a large drop in short interest in the month of January. As of January 15th, there was short interest totalling 695,200 shares, a drop of 23.0% from the December 31st total of 902,400 shares. Based on an average daily volume of 19,600 shares, the short-interest ratio is currently 35.5 days.

Empire Stock Performance

OTCMKTS:EMLAF opened at $29.64 on Friday. The firm has a 50-day simple moving average of $30.28 and a 200-day simple moving average of $29.05. Empire has a one year low of $22.27 and a one year high of $32.67.

About Empire

Empire Company Limited, together with its subsidiaries, engages in the food retail and related real estate businesses in Canada. It operates through two segments, Food Retailing, and Investments and Other Operations. The company owns, affiliates, and franchises retail stores under various retail banners, including Sobeys, Safeway, IGA, Foodland, FreshCo, Thrifty Foods, Farm Boy, Longo's, and Lawtons Drugs; and operates grocery e-commerce stores under the banners, such as Voilà, Grocery Gateway, IGA.net, and ThriftyFoods.com.