Canoe EIT Income Fund (OTCMKTS:ENDTF) Short Interest Down 45.0% in August

Canoe EIT Income Fund (OTCMKTS:ENDTF) was the target of a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 12,058 shares, a drop of 45.0% from the August 15th total of 21,943 shares. Based on an average daily trading volume, of 16,061 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.0% of the company’s stock are short sold.

Canoe EIT Income Fund Stock Performance

OTCMKTS ENDTF opened at C$12.89 on Tuesday. Canoe EIT Income Fund has a 52 week low of C$10.30 and a 52 week high of C$12.97. The company has a debt-to-equity ratio of 29.91, a quick ratio of 0.96 and a current ratio of 0.96. The stock’s 50 day moving average price is C$12.67 and its two-hundred day moving average price is C$12.38. The stock has a market capitalization of C$1.54 billion and a price-to-earnings ratio of 3.66.

About Canoe EIT Income Fund

Canoe EIT Income Fund is a Canadian closed-end investment fund managed by Canoe Financial LP. The fund seeks to provide investors with a high level of monthly income while also offering the potential for long-term capital appreciation through a diversified portfolio of securities.

The fund invests primarily in income-generating and growth-oriented securities, including equities and fixed-income investments. Its portfolio may include companies from Canada and other developed markets, giving investors exposure to a range of industries and geographic regions.