Laurentian Bank of Canada (OTCMKTS:LRCDF) Sees Significant Drop in Short Interest

Laurentian Bank of Canada (OTCMKTS:LRCDF) saw a significant decline in short interest during the month of May. As of May 15th, there was short interest totaling 217,590 shares, a decline of 46.3% from the April 30th total of 405,448 shares. Based on an average trading volume of 364 shares, the days-to-cover ratio is currently 597.8 days.

Laurentian Bank of Canada Price Performance

OTCMKTS LRCDF remained flat at $29.10 during trading hours on Wednesday. The company’s stock had a trading volume of 1,000 shares, compared to its average volume of 1,470. The stock has a 50 day moving average price of $29.21 and a 200-day moving average price of $28.67. Laurentian Bank of Canada has a 52 week low of $21.69 and a 52 week high of $29.61.

Laurentian Bank of Canada Company Profile

The Laurentian Bank of Canada (OTCMKTS:LRCDF) is headquartered in Quebec City and is one of Canada’s Schedule I banks. Established in 1846, the institution has grown from a regional savings bank into a diversified financial services provider. While its core footprint remains in Quebec, the bank also serves customers in other Canadian provinces through a network of branches, digital channels and broker partnerships.

Laurentian Bank’s personal banking division offers chequing and savings accounts, mortgages, lines of credit, credit cards and payment solutions.