George Weston Limited (OTCMKTS:WNGRF) Sees Significant Decline in Short Interest

George Weston Limited (OTCMKTS:WNGRF) was the recipient of a large decline in short interest during the month of November. As of November 15th, there was short interest totalling 277,000 shares, a decline of 15.5% from the October 31st total of 328,000 shares. Based on an average daily volume of 1,500 shares, the days-to-cover ratio is presently 184.7 days.

George Weston Price Performance

OTCMKTS:WNGRF opened at $157.83 on Friday. The stock has a fifty day simple moving average of $161.89 and a 200-day simple moving average of $154.46. The company has a current ratio of 1.26, a quick ratio of 0.72 and a debt-to-equity ratio of 0.96. The company has a market cap of $20.60 billion, a price-to-earnings ratio of 47.97 and a beta of 0.58. George Weston has a twelve month low of $117.44 and a twelve month high of $167.55.

Wall Street Analyst Weigh In

Separately, Cibc World Mkts upgraded George Weston to a “strong-buy” rating in a research report on Wednesday, November 20th.

About George Weston

George Weston Limited provides food and drug retailing, and financial services in Canada. The company operates through two segments, Loblaw Companies Limited (Loblaw) and Choice Properties Real Estate Investment Trust (Choice Properties). The Loblaw segment provides grocery, pharmacy and healthcare services, health and beauty products, apparel, general merchandise, and financial services.