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

Alimentation Couche-Tard Inc. (OTCMKTS:ANCTF) was the recipient of a significant growth in short interest in 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 days-to-cover ratio is presently 26.7 days.

Wall Street Analysts Forecast Growth

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

Alimentation Couche-Tard Price Performance

OTCMKTS:ANCTF traded down $0.51 during mid-day trading on Friday, hitting $52.90. The company’s stock had a trading volume of 73,188 shares, compared to its average volume of 97,044. The business’s fifty day moving average is $55.20 and its two-hundred day moving average is $56.00. Alimentation Couche-Tard has a 1 year low of $51.13 and a 1 year high of $64.34.

Alimentation Couche-Tard (OTCMKTS:ANCTF) last issued its earnings results on Monday, November 25th. The company reported $0.74 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.01).

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.