Recipe Unlimited Co. (OTCMKTS:RCPUF) Short Interest Down 37.1% in August

Recipe Unlimited Co. (OTCMKTS:RCPUF) was the recipient of a large decrease in short interest in the month of August. As of August 31st, there was short interest totalling 19,300 shares, a decrease of 37.1% from the August 15th total of 30,700 shares. Based on an average trading volume of 0 shares, the short-interest ratio is presently ∞ days.

Shares of Recipe Unlimited stock remained flat at $$16.58 on Monday. The firm’s 50-day moving average price is $16.80. Recipe Unlimited has a fifty-two week low of $13.38 and a fifty-two week high of $19.12.

Separately, Scotiabank reduced their target price on shares of Recipe Unlimited from C$24.50 to C$24.00 and set an “outperform” rating for the company in a research report on Tuesday, June 15th.

About Recipe Unlimited

Recipe Unlimited Corporation operates and franchises restaurants brands. The company operates through four segments: Corporate Restaurants, Franchise Restaurants, Retail and Catering, and Central Operations. It operates and/or franchises restaurants under the Harvey's, Swiss Chalet, Kelsey's, East Side Mario's, Montana's, Milestones, Prime Pubs, Casey's, Bier Markt, Landing, New York Fries, St-Hubert, Original Joe's, State & Main, Elephant & Castle, The Burger's Priest, The Pickle Barrel restaurants, 1909 Taverne Moderne, The Keg, Fresh, Ultimate Kitchens, Rose Reisman Catering, and Marigolds & Onions brand names.

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