Superior Plus Corp. (OTCMKTS:SUUIF) Sees Significant Drop in Short Interest

Superior Plus Corp. (OTCMKTS:SUUIF) was the target of a significant drop in short interest during the month of March. As of March 31st, there was short interest totalling 2,362,300 shares, a drop of 15.6% from the March 15th total of 2,800,500 shares. Based on an average daily volume of 77,800 shares, the short-interest ratio is presently 30.4 days.

Superior Plus Trading Up 0.6 %

OTCMKTS:SUUIF traded up $0.03 during mid-day trading on Tuesday, hitting $4.75. 25,626 shares of the company’s stock traded hands, compared to its average volume of 66,043. Superior Plus has a twelve month low of $3.72 and a twelve month high of $6.95. The company has a fifty day moving average of $4.56 and a 200 day moving average of $4.58.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Raymond James upgraded Superior Plus to an “outperform” rating in a report on Friday, February 28th. TD Securities reissued a “buy” rating on shares of Superior Plus in a research note on Thursday, April 3rd. Finally, CIBC reissued an “outperform” rating on shares of Superior Plus in a research report on Thursday, April 3rd.

Superior Plus Company Profile

Superior Plus Corp. distributes and markets propane, compressed natural gas and renewable energy in both the United States and Canada. The company operates through The United States Retail Propane Distribution (U.S. Propane), Canadian Retail Propane Distribution (Canadian Propane), and North American Wholesale Propane Distribution (Wholesale Propane), and Certarus segments.