Premium Brands Holdings Co. (OTCMKTS:PRBZF) Sees Large Drop in Short Interest

Premium Brands Holdings Co. (OTCMKTS:PRBZF) was the target of a large decline in short interest in December. As of December 31st, there was short interest totalling 482,800 shares, a decline of 13.6% from the December 15th total of 559,000 shares. Based on an average daily volume of 6,000 shares, the days-to-cover ratio is currently 80.5 days.

Premium Brands Price Performance

PRBZF remained flat at $54.73 during mid-day trading on Thursday. 2,816 shares of the company’s stock were exchanged, compared to its average volume of 3,218. Premium Brands has a 1 year low of $54.73 and a 1 year high of $70.00. The business has a 50-day moving average of $56.49 and a 200 day moving average of $62.92.

About Premium Brands

Premium Brands Holdings Corporation, through its subsidiaries, manufactures and distributes food products primarily in Canada and the United States. It operates in two segments, Specialty Foods and Premium Food Distribution. The company provides processed meat, deli products, meat snacks, beef jerky and halal, sandwiches, pastries, specialty and gourmet products, entrees, panini, wraps, subs, hamburgers, burgers, salads and kettle products, muffins, breads, pastas, pizza, and baking and sushi products.