Laurentian Bank of Canada (OTCMKTS:LRCDF) Sees Large Decrease in Short Interest

by · The Markets Daily

Laurentian Bank of Canada (OTCMKTS:LRCDF – Get Free Report) was the recipient of a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 408,904 shares, a decrease of 50.0% from the September 30th total of 817,849 shares. Based on an average daily trading volume, of 179,939 shares, the days-to-cover ratio is currently 2.3 days.

Laurentian Bank of Canada Price Performance

LRCDF remained flat at $28.92 during trading hours on Friday. The company had a trading volume of 1,944,338 shares, compared to its average volume of 4,000. The company’s 50-day moving average price is $28.87 and its 200-day moving average price is $29.01. Laurentian Bank of Canada has a one year low of $23.08 and a one year high of $29.61.

Laurentian Bank of Canada Company Profile

(Get Free Report)

Laurentian Bank of Canada is a Canadian financial institution headquartered in Montreal, Quebec. Founded in 1846 as the Montreal City and District Savings Bank, the bank has a long history of serving individuals, businesses and institutional clients across Canada.

The bank provides a range of personal and commercial banking services, including deposit accounts, residential mortgages, personal loans, business financing and cash-management solutions. It also offers investment and wealth-management products, online banking and related financial services through its branch network and digital channels.

Laurentian Bank has traditionally maintained a strong presence in Quebec while serving customers in other parts of Canada.

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