Short Interest in Great-West Lifeco Inc. (OTCMKTS:GWLIF) Decreases By 42.1%

Great-West Lifeco Inc. (OTCMKTS:GWLIF) was the target of a significant decline in short interest in June. As of June 15th, there was short interest totaling 2,484,976 shares, a decline of 42.1% from the May 31st total of 4,289,821 shares. Based on an average daily volume of 8,366 shares, the days-to-cover ratio is currently 297.0 days.

Analyst Ratings Changes

A number of research firms recently weighed in on GWLIF. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Great-West Lifeco in a research report on Friday, May 8th. Scotiabank reissued an “outperform” rating on shares of Great-West Lifeco in a research report on Wednesday, April 29th. TD Securities restated a “buy” rating on shares of Great-West Lifeco in a research note on Thursday, May 7th. Royal Bank Of Canada restated a “sector perform” rating on shares of Great-West Lifeco in a report on Monday, May 11th. Finally, BMO Capital Markets reaffirmed a “market perform” rating on shares of Great-West Lifeco in a research report on Friday, May 8th. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Great-West Lifeco Stock Performance

GWLIF stock traded up $6.78 during trading hours on Thursday, reaching $64.15. The stock had a trading volume of 90,006 shares, compared to its average volume of 39,297. The stock has a 50-day simple moving average of $57.60 and a 200 day simple moving average of $51.05. Great-West Lifeco has a fifty-two week low of $36.88 and a fifty-two week high of $64.15.

Great-West Lifeco Company Profile

Great-West Lifeco Inc, trading on the OTCMKTS under the symbol GWLIF, is a Canadian-based financial services holding company. Headquartered in Winnipeg, Manitoba, it operates as a subsidiary of Power Financial Corporation and offers a broad range of insurance, retirement, and investment solutions. The company traces its heritage to the founding of Great-West Life Assurance Company in 1891 and was organized as a distinct holding entity in 2003 to oversee its growing global operations.

The firm’s primary lines of business include life, health and group insurance, as well as retirement savings products and employee benefit plans.