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

Power Co. of Canada (OTCMKTS:PWCDF) was the target of a significant increase in short interest in January. As of January 15th, there was short interest totalling 16,384,000 shares, an increase of 486.7% from the December 31st total of 2,792,400 shares. Based on an average daily volume of 82,900 shares, the days-to-cover ratio is currently 197.6 days.

Power Co. of Canada Price Performance

Shares of OTCMKTS PWCDF traded up $0.09 during mid-day trading on Wednesday, hitting $30.42. The company had a trading volume of 22,591 shares, compared to its average volume of 29,683. Power Co. of Canada has a one year low of $25.15 and a one year high of $35.03. The firm has a 50-day simple moving average of $31.61 and a two-hundred day simple moving average of $30.93.

About Power Co. of Canada

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.