The North West Company Inc. (OTCMKTS:NNWWF – Get Rating) saw a significant increase in short interest during the month of December. As of December 30th, there was short interest totalling 479,800 shares, an increase of 27.9% from the December 15th total of 375,000 shares. Based on an average daily volume of 100 shares, the short-interest ratio is currently 4,798.0 days.
Analyst Upgrades and Downgrades
A number of research firms recently weighed in on NNWWF. TD Securities lowered shares of North West from a “buy” rating to a “hold” rating in a research report on Monday, December 5th. BMO Capital Markets boosted their target price on North West from C$38.00 to C$40.00 in a research note on Thursday, December 8th.
North West Price Performance
Shares of NNWWF opened at $27.38 on Friday. The stock’s 50-day simple moving average is $26.13 and its 200 day simple moving average is $25.90. North West has a 52-week low of $23.25 and a 52-week high of $31.54.
About North West
The North West Company Inc, through its subsidiaries, engages in the retail of food and everyday products and services to rural communities and urban neighborhood markets in northern Canada, rural Alaska, the South Pacific, and the Caribbean. The company's Canadian operations comprise 118 Northern stores, which offers food, financial services, and general merchandise; 5 NorthMart stores that provides fresh foods, apparel, and health products and services; 26 Quickstop convenience stores that provides ready-to-eat foods, and fuel and related services; 5 Giant Tiger junior discount stores, which offers family fashion, household products, and food; 2 Valu Lots discount center and direct-to-customer food distribution outlet; 1 solo market, a store in remote market; 3 Pharmacy and Convenience stores; and 1 North West Company motorsports dealership offering sales, service, parts and accessories for Ski-doo, Honda, Can-am and other premier brands.
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