Short Interest in Alimentation Couche-Tard Inc. (OTCMKTS:ANCTF) Increases By 33.4%

Alimentation Couche-Tard Inc. (OTCMKTS:ANCTF) was the target of a significant growth in short interest during the month of January. As of January 15th, there was short interest totalling 3,205,400 shares, a growth of 33.4% from the December 31st total of 2,403,100 shares. Based on an average daily volume of 120,100 shares, the short-interest ratio is currently 26.7 days.

Alimentation Couche-Tard Stock Performance

ANCTF stock opened at $53.41 on Friday. Alimentation Couche-Tard has a 12-month low of $51.13 and a 12-month high of $64.34. The firm’s 50-day moving average price is $55.33 and its two-hundred day moving average price is $56.06.

Alimentation Couche-Tard (OTCMKTS:ANCTF) last announced its quarterly earnings results on Monday, November 25th. The company reported $0.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.01).

Analysts Set New Price Targets

A number of equities analysts have issued reports on ANCTF shares. Scotiabank upgraded shares of Alimentation Couche-Tard to a “strong-buy” rating in a research report on Friday, December 20th. UBS Group upgraded shares of Alimentation Couche-Tard to a “strong-buy” rating in a research report on Friday, December 13th.

About Alimentation Couche-Tard

Alimentation Couche-Tard Inc operates and licenses convenience stores in North America, Europe, and Asia. It offers cigarette products and other nicotine products, grocery items, candies and snacks, beer, wine, beverages, and fresh food offerings; road transportation fuels and electric vehicle charging solutions; and aviation fuels, as well as energy for stationary engines.