Empire Company Limited (OTCMKTS:EMLAF) Sees Significant Decrease in Short Interest

Empire Company Limited (OTCMKTS:EMLAF) was the recipient of a large decrease in short interest during the month of December. As of December 31st, there was short interest totalling 695,200 shares, a decrease of 23.0% from the December 15th total of 902,400 shares. Based on an average daily volume of 19,600 shares, the days-to-cover ratio is presently 35.5 days.

Empire Price Performance

OTCMKTS:EMLAF remained flat at $29.43 during trading hours on Friday. 81,384 shares of the company traded hands, compared to its average volume of 29,061. Empire has a 1 year low of $22.27 and a 1 year high of $32.67. The stock’s fifty day moving average price is $30.18 and its 200-day moving average price is $28.77.

About Empire

Empire Company Limited, together with its subsidiaries, engages in the food retail and related real estate businesses in Canada. It operates through two segments, Food Retailing, and Investments and Other Operations. The company owns, affiliates, and franchises retail stores under various retail banners, including Sobeys, Safeway, IGA, Foodland, FreshCo, Thrifty Foods, Farm Boy, Longo's, and Lawtons Drugs; and operates grocery e-commerce stores under the banners, such as Voilà, Grocery Gateway, IGA.net, and ThriftyFoods.com.