Short Interest in George Weston Limited (OTCMKTS:WNGRF) Drops By 33.7%

George Weston Limited (OTCMKTS:WNGRF) saw a significant decrease in short interest in the month of January. As of January 15th, there was short interest totalling 128,200 shares, a decrease of 33.7% from the December 31st total of 193,400 shares. Based on an average daily volume of 300 shares, the days-to-cover ratio is currently 427.3 days.

George Weston Price Performance

Shares of OTCMKTS WNGRF opened at $152.33 on Friday. The company has a market cap of $19.81 billion, a price-to-earnings ratio of 18.35 and a beta of 0.57. The company has a current ratio of 1.32, a quick ratio of 0.77 and a debt-to-equity ratio of 1.08. George Weston has a 12 month low of $124.99 and a 12 month high of $167.55. The stock has a 50-day moving average price of $157.27 and a two-hundred day moving average price of $158.87.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on WNGRF shares. Cibc World Mkts upgraded shares of George Weston to a “strong-buy” rating in a research note on Wednesday, November 20th. Scotiabank raised George Weston from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 8th.

About George Weston

George Weston Limited provides food and drug retailing, and financial services in Canada. The company operates through two segments, Loblaw Companies Limited (Loblaw) and Choice Properties Real Estate Investment Trust (Choice Properties). The Loblaw segment provides grocery, pharmacy and healthcare services, health and beauty products, apparel, general merchandise, and financial services.