Short Interest in Empire Company Limited (OTCMKTS:EMLAF) Declines By 11.4%

Empire Company Limited (OTCMKTS:EMLAF) was the target of a significant decrease in short interest in the month of October. As of October 31st, there was short interest totalling 1,497,600 shares, a decrease of 11.4% from the October 15th total of 1,689,700 shares. Based on an average daily volume of 13,000 shares, the days-to-cover ratio is presently 115.2 days.

Empire Stock Performance

Shares of Empire stock remained flat at $29.23 on Friday. 13,963 shares of the stock were exchanged, compared to its average volume of 14,380. The firm’s 50 day simple moving average is $29.49 and its 200 day simple moving average is $26.90. Empire has a 12 month low of $22.27 and a 12 month high of $30.47.

Empire Company Profile

Empire Company Limited, together with its subsidiaries, engages in the food retail and related real estate businesses in Canada. It operates through two segments, Food Retailing, and Investments and Other Operations. The company owns, affiliates, and franchises retail stores under various retail banners, including Sobeys, Safeway, IGA, Foodland, FreshCo, Thrifty Foods, Farm Boy, Longo's, and Lawtons Drugs; and operates grocery e-commerce stores under the banners, such as Voilà, Grocery Gateway, IGA.net, and ThriftyFoods.com.