Laurentian Bank of Canada (OTCMKTS:LRCDF) Shares Shorted: Short Interest Down 50.0% in October

Laurentian Bank of Canada (OTCMKTS:LRCDF) saw a large drop in short interest in October. As of October 15th, there was short interest totaling 408,904 shares, a drop of 50.0% from the September 30th total of 817,849 shares. Based on an average daily volume of 179,939 shares, the short-interest ratio is currently 2.3 days.

Laurentian Bank of Canada Price Performance

Shares of OTCMKTS LRCDF remained flat at $28.92 during mid-day trading on Monday. 1,944,338 shares of the stock were exchanged, compared to its average volume of 4,000. Laurentian Bank of Canada has a 1-year low of $23.08 and a 1-year high of $29.61. The business has a fifty day simple moving average of $28.87 and a 200-day simple moving average of $29.01.

Laurentian Bank of Canada Company Profile

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.