Short Interest in Quebecor Inc. (OTCMKTS:QBCRF) Expands By 199.6%

Quebecor Inc. (OTCMKTS:QBCRF) saw a large increase in short interest in April. As of April 30th, there was short interest totaling 768,250 shares, an increase of 199.6% from the April 15th total of 256,449 shares. Based on an average trading volume of 534 shares, the short-interest ratio is presently 1,438.7 days. Approximately 0.3% of the shares of the stock are short sold.

Quebecor Stock Performance

Shares of Quebecor stock traded up $2.54 during mid-day trading on Friday, hitting $47.05. The stock had a trading volume of 126 shares, compared to its average volume of 244. The firm has a 50-day moving average of $42.09 and a two-hundred day moving average of $38.68. Quebecor has a 12-month low of $26.16 and a 12-month high of $47.05.

Quebecor (OTCMKTS:QBCRF) last posted its quarterly earnings results on Thursday, May 14th. The company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.02. The firm had revenue of $1 billion during the quarter, compared to analysts’ expectations of $982.02 million.

Wall Street Analyst Weigh In

Several analysts recently issued reports on QBCRF shares. TD Securities reaffirmed a “buy” rating on shares of Quebecor in a research note on Friday. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Quebecor in a research note on Friday. Finally, Scotiabank reaffirmed a “sector perform” rating on shares of Quebecor in a research note on Friday. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

About Quebecor

Quebecor Inc is a Canadian integrated media and telecommunications company offering a diversified portfolio of services and content. Through its wholly owned subsidiary Vidéotron, the company provides cable television, high-speed internet, wireless telephony and residential and business telecom solutions. Its media arm, Quebecor Media, publishes newspapers and magazines, operates specialty and conventional television networks and engages in digital media and advertising across multiple platforms.

Founded by Pierre Péladeau in 1965 as a printing enterprise in Montreal, Quebecor has expanded its operations over five decades into one of Canada’s leading content creators and service providers.