Premium Brands Holdings Co. (OTCMKTS:PRBZF) Short Interest Down 37.9% in April

Premium Brands Holdings Co. (OTCMKTS:PRBZF) saw a large decrease in short interest in April. As of April 30th, there was short interest totaling 302,655 shares, a decrease of 37.9% from the April 15th total of 487,307 shares. Based on an average daily trading volume, of 21,207 shares, the days-to-cover ratio is presently 14.3 days.

Premium Brands Price Performance

OTCMKTS PRBZF remained flat at $63.03 on Tuesday. 314 shares of the company’s stock traded hands, compared to its average volume of 18,220. Premium Brands has a fifty-two week low of $57.13 and a fifty-two week high of $77.81. The business has a 50-day moving average of $63.50 and a 200-day moving average of $68.56.

Analysts Set New Price Targets

A number of analysts recently commented on PRBZF shares. Royal Bank Of Canada restated an “outperform” rating on shares of Premium Brands in a research note on Friday, May 8th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Premium Brands in a research note on Friday, May 8th. BMO Capital Markets reiterated an “outperform” rating on shares of Premium Brands in a research note on Friday, May 8th. Finally, Scotiabank reiterated an “outperform” rating on shares of Premium Brands in a research note on Friday, May 8th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

About Premium Brands

Premium Brands Holdings Corp is a Canadian specialty food manufacturing and distribution company that develops, produces and markets a broad array of premium branded and private-label food products. The company serves retail, foodservice and take-home meal customers, offering a diverse portfolio that includes deli meats, fresh and frozen sandwiches, baked goods, seafood, plant-based proteins and artisanal cheeses. Premium Brands focuses on high-growth, value-added segments of the food industry where quality, convenience and innovation drive customer loyalty.

Through a strategy of organic development and targeted acquisitions, Premium Brands has assembled a network of production facilities and distribution centres across North America and selected international markets.