Short-term interest in High Liner Foods Incorporated (OTCMKTS:HLNFF) increases 111.8%

High Liner Foods Incorporated (OTCMKTS:HLNFF – Get Rating) saw significant growth in short-term interest in March. As of March 31, there were short interests totaling 44,900 shares, up 111.8% from the total of 21,200 shares as of March 15. Based on an average daily volume of 1,000 shares, the short interest ratio is currently 44.9 days.

Shares of OTCMKTS:HLNFF traded at $0.22 in Friday’s midday session, hitting $10.37. 1,000 shares have been traded, compared to its average volume of 673. High Liner Foods has a 52-week low of $9.64 and a 52-week high of $12.07. The company’s fifty-day simple moving average is $10.40 and its two hundred-day simple moving average is $10.80.

A number of research companies have recently published reports on HLNFF. Royal Bank of Canada reduced its target price on High Liner Foods from CA$16.00 to CA$15.00 in a Thursday, February 24, report. Scotiabank cut its price target on High Liner Foods from C$15.50 to C$14.00 in a Thursday, February 24 report. Finally, BMO Capital Markets cut its price target on High Liner Foods from CA$18.00 to CA$16.00 in a Thursday, March 3 report.

High Liner Foods Company Profile (Get a rating)

High Liner Foods Incorporated processes and markets prepared and packaged frozen seafood products in North America. The company offers a range of frozen seafood, including raw fillets and shellfish, cooked shellfish; and value-added products, which include gravy, glazed, breaded and breaded seafood, seafood entrees and breaded cheese sticks, including High Liner, Fisher Boy, Sea Cuisine, Catch of the Day , C. Wirthy & Co, High Liner Foodservice, Mirabel , Icelandic Seafood and FPI.

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