George Weston Limited (OTCMKTS:WNGRF) Short Interest Up 36.9% in August

George Weston Limited (OTCMKTS:WNGRF – Get Free Report) was the recipient of a large growth in short interest in August. As of August 31st, there was short interest totalling 443,400 shares, a growth of 36.9% from the August 15th total of 323,800 shares. Based on an average daily volume of 3,600 shares, the short-interest ratio is currently 123.2 days.

Wall Street Analyst Weigh In

A number of brokerages have commented on WNGRF. Desjardins decreased their price objective on George Weston from C$192.00 to C$177.00 in a research report on Wednesday, August 2nd. Scotiabank reduced their target price on George Weston from C$183.00 to C$181.00 in a report on Wednesday, August 2nd. Finally, BMO Capital Markets reduced their target price on George Weston from C$180.00 to C$172.00 in a report on Wednesday, August 2nd.

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George Weston Stock Performance

WNGRF stock opened at $115.24 on Friday. The business’s 50-day moving average price is $113.20 and its two-hundred day moving average price is $120.51. George Weston has a 1-year low of $99.16 and a 1-year high of $134.81. The firm has a market cap of $15.81 billion, a PE ratio of 12.85 and a beta of 0.54. The company has a current ratio of 1.39, a quick ratio of 0.83 and a debt-to-equity ratio of 1.01.

George Weston (OTCMKTS:WNGRF – Get Free Report) last released its quarterly earnings results on Tuesday, August 1st. The company reported $2.00 earnings per share (EPS) for the quarter. George Weston had a return on equity of 11.09% and a net margin of 2.98%. The firm had revenue of $10.34 billion for the quarter.

About George Weston

(Get Free Report)

George Weston Limited provides food and drug retailing, and financial services in Canada and internationally. 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, health and beauty, apparel, general merchandise, and financial services.

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