Empire Company Limited (OTCMKTS:EMLAF) Sees Large Decline in Short Interest

Empire Company Limited (OTCMKTS:EMLAF) was the target of a significant drop in short interest in November. As of November 30th, there was short interest totalling 1,332,400 shares, a drop of 19.6% from the November 15th total of 1,657,600 shares. Based on an average daily trading volume, of 22,900 shares, the days-to-cover ratio is currently 58.2 days.

Empire Stock Performance

Shares of EMLAF traded down $0.15 during midday trading on Friday, reaching $31.81. The stock had a trading volume of 23,163 shares, compared to its average volume of 15,329. The firm has a 50 day simple moving average of $29.70 and a 200-day simple moving average of $27.71. Empire has a one year low of $22.27 and a one year high of $32.67.

About Empire

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.