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

Empire Company Limited (OTCMKTS:EMLAF) saw a significant drop in short interest during the month of November. As of November 30th, there was short interest totalling 1,332,400 shares, a drop of 19.6% from the November 15th total of 1,657,600 shares. Based on an average daily volume of 22,900 shares, the days-to-cover ratio is currently 58.2 days.

Empire Price Performance

Empire stock traded down $0.15 during trading on Monday, reaching $31.81. The company had a trading volume of 23,100 shares, compared to its average volume of 15,329. Empire has a 52 week low of $22.27 and a 52 week high of $32.67. The firm’s 50-day simple moving average is $29.70 and its 200 day simple moving average is $27.74.

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.