Short Interest in Alimentation Couche-Tard Inc. (OTCMKTS:ANCTF) Decreases By 56.9%

Alimentation Couche-Tard Inc. (OTCMKTS:ANCTF) saw a significant decline in short interest in the month of March. As of March 31st, there was short interest totalling 1,584,700 shares, a decline of 56.9% from the March 15th total of 3,677,300 shares. Based on an average trading volume of 52,600 shares, the days-to-cover ratio is currently 30.1 days.

Alimentation Couche-Tard Trading Down 1.7 %

OTCMKTS:ANCTF opened at $49.95 on Wednesday. Alimentation Couche-Tard has a twelve month low of $45.61 and a twelve month high of $61.86. The company has a fifty day moving average of $49.61 and a 200-day moving average of $52.90.

Wall Street Analyst Weigh In

Several research analysts have issued reports on ANCTF shares. Veritas upgraded shares of Alimentation Couche-Tard to a “strong-buy” rating in a report on Thursday, March 20th. Desjardins raised shares of Alimentation Couche-Tard from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, March 19th. Scotiabank reaffirmed an “outperform” rating on shares of Alimentation Couche-Tard in a research report on Tuesday, March 4th. Finally, National Bank Financial raised Alimentation Couche-Tard from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 17th. One equities research analyst has rated the stock with a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Alimentation Couche-Tard currently has an average rating of “Strong Buy”.

Alimentation Couche-Tard Company Profile

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.