Linamar Co. (OTCMKTS:LIMAF) Short Interest Update

Linamar Co. (OTCMKTS:LIMAF) was the recipient of a significant decrease in short interest in the month of May. As of May 15th, there was short interest totaling 55,936 shares, a decrease of 38.6% from the April 30th total of 91,068 shares. Based on an average daily volume of 1,722 shares, the days-to-cover ratio is presently 32.5 days.

Linamar Stock Performance

Shares of Linamar stock opened at $76.02 on Thursday. The business has a 50 day moving average of $65.71 and a 200 day moving average of $63.55. Linamar has a 52 week low of $45.01 and a 52 week high of $76.53.

Analysts Set New Price Targets

LIMAF has been the subject of a number of analyst reports. BMO Capital Markets reissued an “outperform” rating on shares of Linamar in a research note on Thursday, May 7th. TD Securities reissued a “buy” rating on shares of Linamar in a research note on Thursday, May 7th. Finally, Scotiabank reissued a “sector perform” rating on shares of Linamar in a research note on Thursday, May 7th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

About Linamar

Linamar Corporation is a diversified global manufacturing company headquartered in Guelph, Ontario. The company serves automotive and industrial markets through precision machined and assembled components, modules and systems. Its operations span North America, Europe and Asia, with additional facilities in South America and emerging markets, supporting a broad customer base in passenger vehicles, commercial vehicles, construction, agriculture and energy industries.

In its Mobility segment, Linamar designs and produces powertrain systems, driveline components and other modules for internal combustion and electrified vehicles.