Power Co. of Canada (OTCMKTS:PWCDF) Sees Significant Decline in Short Interest

Power Co. of Canada (OTCMKTS:PWCDF) saw a significant decline in short interest in October. As of October 31st, there was short interest totalling 2,056,600 shares, a decline of 63.8% from the October 15th total of 5,679,800 shares. Based on an average trading volume of 57,000 shares, the short-interest ratio is presently 36.1 days.

Power Co. of Canada Stock Performance

Shares of OTCMKTS PWCDF traded up $0.14 during mid-day trading on Wednesday, reaching $33.57. 5,920 shares of the company traded hands, compared to its average volume of 54,985. The company’s fifty day moving average is $31.83 and its two-hundred day moving average is $29.68. Power Co. of Canada has a fifty-two week low of $24.69 and a fifty-two week high of $33.75.

Power Co. of Canada Company Profile

Power Corporation of Canada, an international management and holding company, offers financial services in North America, Europe, and Asia. It operates through Lifeco, IGM Financial, and GBL segments. The company offers life, health and dental, disability, critical illness, and creditor insurance; accidental death and dismemberment; retirement savings and income and annuity products; and life assurance, pension, and investment products to individuals and small business owners.