Short Interest in Loblaw Companies Limited (OTCMKTS:LBLCF) Decreases By 7.9%

Loblaw Companies Limited (OTCMKTS:LBLCF) was the recipient of a significant decline in short interest during the month of December. As of December 31st, there was short interest totalling 498,200 shares, a decline of 7.9% from the December 15th total of 541,000 shares. Based on an average daily volume of 800 shares, the short-interest ratio is presently 622.8 days.

Loblaw Companies Stock Performance

Shares of LBLCF traded up $2.44 during midday trading on Friday, hitting $125.58. 146 shares of the stock traded hands, compared to its average volume of 894. Loblaw Companies has a 1-year low of $99.14 and a 1-year high of $137.53. The business’s 50 day moving average price is $130.87 and its two-hundred day moving average price is $127.55.

About Loblaw Companies

Loblaw Companies Limited, a food and pharmacy company, provides grocery, pharmacy and healthcare services, health and beauty products, apparels, general merchandise, financial services, and wireless mobile products and services in Canada. It operates in two segments, Retail and Financial Services. The Retail segment operates corporate and franchise-owned retail food, and associate-owned drug stores.