Loblaw Companies Limited (OTCMKTS:LBLCF) Sees Large Decline in Short Interest

Loblaw Companies Limited (OTCMKTS:LBLCF) was the recipient of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totalling 498,200 shares, a decrease of 7.9% from the December 15th total of 541,000 shares. Based on an average trading volume of 800 shares, the days-to-cover ratio is currently 622.8 days.

Loblaw Companies Price Performance

LBLCF opened at $125.58 on Monday. The firm has a 50-day simple moving average of $130.87 and a two-hundred day simple moving average of $127.71. Loblaw Companies has a 52 week low of $99.14 and a 52 week high of $137.53.

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.