Quebecor Inc. (OTCMKTS:QBCRF) Sees Significant Increase in Short Interest
by Doug Wharley · The Cerbat GemQuebecor Inc. (OTCMKTS:QBCRF – Get Free Report) saw a significant increase in short interest in April. As of April 30th, there was short interest totaling 768,250 shares, an increase of 199.6% from the April 15th total of 256,449 shares. Based on an average daily trading volume, of 534 shares, the short-interest ratio is currently 1,438.7 days. Currently, 0.3% of the shares of the stock are short sold.
Quebecor Stock Up 4.0%
Shares of OTCMKTS QBCRF traded up $1.69 during midday trading on Thursday, reaching $43.75. The company’s stock had a trading volume of 526 shares, compared to its average volume of 5,777. Quebecor has a fifty-two week low of $26.16 and a fifty-two week high of $44.79. The business’s 50 day moving average price is $41.97 and its two-hundred day moving average price is $38.53.
Quebecor (OTCMKTS:QBCRF – Get Free Report) last released its quarterly earnings results on Thursday, May 14th. The company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.02.
Quebecor Company Profile
Quebecor Inc is a Canadian integrated media and telecommunications company offering a diversified portfolio of services and content. Through its wholly owned subsidiary Vidéotron, the company provides cable television, high-speed internet, wireless telephony and residential and business telecom solutions. Its media arm, Quebecor Media, publishes newspapers and magazines, operates specialty and conventional television networks and engages in digital media and advertising across multiple platforms.
Founded by Pierre Péladeau in 1965 as a printing enterprise in Montreal, Quebecor has expanded its operations over five decades into one of Canada’s leading content creators and service providers.