AutoCanada Inc. (OTCMKTS:AOCIF) Sees Large Drop in Short Interest

AutoCanada Inc. (OTCMKTS:AOCIF) was the recipient of a large drop in short interest in the month of September. As of September 15th, there was short interest totalling 548,500 shares, a drop of 36.6% from the August 31st total of 865,300 shares. Based on an average daily volume of 4,400 shares, the short-interest ratio is presently 124.7 days.

AutoCanada Stock Performance

Shares of AOCIF remained flat at $11.86 during trading hours on Friday. 437 shares of the stock were exchanged, compared to its average volume of 9,900. AutoCanada has a 52-week low of $10.55 and a 52-week high of $13.91. The firm has a 50 day moving average price of $12.37 and a two-hundred day moving average price of $15.81.

AutoCanada Company Profile

AutoCanada Inc, through its subsidiaries, operates franchised automobile dealerships and related business. The company offers a range of automotive products and services, including new and used vehicles, vehicle leasing, vehicle parts, vehicle maintenance and collision repair services, and extended service contracts; and vehicle protection, after-market products, and auction services.