Empire Company Limited (OTCMKTS:EMLAF) Short Interest Down 11.4% in October

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

Empire Price Performance

Shares of EMLAF stock remained flat at $29.23 during trading hours on Monday. 13,963 shares of the stock traded hands, compared to its average volume of 14,380. Empire has a 12 month low of $22.27 and a 12 month high of $30.47. The company’s 50-day moving average price is $29.49 and its two-hundred day moving average price is $26.92.

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.