Park Lawn Co. (OTCMKTS:PRRWF) Short Interest Up 147.7% in December

Park Lawn Co. (OTCMKTS:PRRWF) was the recipient of a large increase in short interest in December. As of December 31st, there was short interest totalling 268,000 shares, an increase of 147.7% from the December 15th total of 108,200 shares. Based on an average daily volume of 100 shares, the days-to-cover ratio is presently 2,680.0 days.

PRRWF stock opened at $31.80 on Friday. The stock has a 50-day moving average price of $31.13 and a 200-day moving average price of $29.17. Park Lawn has a 1-year low of $22.45 and a 1-year high of $33.09.

A number of brokerages have recently commented on PRRWF. Scotiabank increased their price target on Park Lawn from C$45.50 to C$46.00 and gave the company an “outperform” rating in a research note on Tuesday, November 30th. Stifel Nicolaus raised their target price on Park Lawn from C$46.00 to C$48.00 and gave the stock a “buy” rating in a research report on Tuesday, November 16th. TD Securities raised their target price on Park Lawn from C$43.00 to C$46.00 and gave the stock a “buy” rating in a research report on Monday, November 15th. Finally, CIBC raised their target price on Park Lawn from C$44.00 to C$45.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 30th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $46.58.

About Park Lawn

Park Lawn Corp. provides goods and services associated with the disposition and memorialization of human remains. Its products and services are sold on a pre-planned basis or at the time of a death. The company was founded in 1892 and is headquartered in Toronto, Canada.

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