Short Interest in George Weston Limited (OTCMKTS:WNGRF) Declines By 15.5%

George Weston Limited (OTCMKTS:WNGRF) was the recipient of a significant decline in short interest during the month of November. As of November 15th, there was short interest totalling 277,000 shares, a decline of 15.5% from the October 31st total of 328,000 shares. Based on an average daily volume of 1,500 shares, the short-interest ratio is presently 184.7 days.

George Weston Stock Performance

OTCMKTS:WNGRF opened at $157.83 on Friday. George Weston has a 1 year low of $117.44 and a 1 year high of $167.55. The business has a fifty day moving average of $161.89 and a 200-day moving average of $154.34. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.72 and a current ratio of 1.26. The stock has a market cap of $20.60 billion, a price-to-earnings ratio of 19.02 and a beta of 0.58.

Analysts Set New Price Targets

Separately, Cibc World Mkts raised George Weston to a “strong-buy” rating in a report on Wednesday, November 20th.

George Weston Company Profile

George Weston Limited provides food and drug retailing, and financial services in Canada. The company operates through two segments, Loblaw Companies Limited (Loblaw) and Choice Properties Real Estate Investment Trust (Choice Properties). The Loblaw segment provides grocery, pharmacy and healthcare services, health and beauty products, apparel, general merchandise, and financial services.