K-Bro Linen Inc. (OTCMKTS:KBRLF – Get Rating) was the target of a significant drop in short interest in May. As of May 31st, there was short interest totalling 10,500 shares, a drop of 7.9% from the May 15th total of 11,400 shares. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is currently ∞ days.
Analyst Ratings Changes
A number of research analysts have recently weighed in on KBRLF shares. TD Securities dropped their price target on K-Bro Linen from C$42.00 to C$37.00 in a research report on Thursday, March 23rd. Raymond James cut K-Bro Linen from a “strong-buy” rating to an “outperform” rating in a research report on Thursday, March 23rd.
K-Bro Linen Stock Performance
K-Bro Linen stock opened at $20.92 on Friday. The stock has a 50-day moving average price of $20.71 and a 200 day moving average price of $20.66. K-Bro Linen has a 52 week low of $19.77 and a 52 week high of $25.41.
About K-Bro Linen
K-Bro Linen, Inc engages in the provision of linen services to healthcare institutions hotels and other commercial accounts. It operates through the Canadian and UK segments. The Canadian segment provides laundry and linen services to the healthcare and hospitality sectors in in Vancouver, Victoria, Calgary, Edmonton, Regina, Toronto, Montréal, and Québec City.
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