Short Interest in Empire Company Limited (OTCMKTS:EMLAF) Decreases By 23.0%

Empire Company Limited (OTCMKTS:EMLAF) was the target of a large decline in short interest in December. As of December 31st, there was short interest totalling 695,200 shares, a decline of 23.0% from the December 15th total of 902,400 shares. Based on an average trading volume of 19,600 shares, the days-to-cover ratio is presently 35.5 days.

Empire Stock Performance

Shares of Empire stock opened at $29.44 on Thursday. The stock’s 50-day moving average is $30.18 and its 200-day moving average is $28.74. 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.