A Reversal for AUTOCANADA INC COMMON SHARES CANADA (OTCMKTS:AOCIF) Is Not Near. The Stock Has Rise in Shorts

October 2, 2018 - By Richard Conner

AutoCanada Inc. (OTCMKTS:AOCIF) Logo

The stock of AUTOCANADA INC COMMON SHARES CANADA (OTCMKTS:AOCIF) registered an increase of 57.07% in short interest. AOCIF’s total short interest was 1.77 million shares in October as published by FINRA. Its up 57.07% from 1.12M shares, reported previously. With 4,200 shares average volume, it will take short sellers 421 days to cover their AOCIF’s short positions.

It closed at $10.5959 lastly. It is down 0.00% since October 2, 2017 and is . It has underperformed by 15.62% the S&P500.

AutoCanada Inc., through its subsidiaries, operates franchised automobile dealerships in Canada. The company has market cap of $283.11 million. It offers a range of automotive services and products, including new vehicles, used vehicles, parts, and collision repair services; and facilitates the sale of third party finance and insurance products, extended warranties, and replacement and after-market automotive products. It currently has negative earnings. The firm sells its new vehicles under the Chrysler, Dodge, Jeep, Ram, Fiat, Chevrolet, GMC, Buick, Cadillac, Hyundai, Kia, Nissan, Infiniti, Volkswagen, Audi, BMW, MINI, Mitsubishi, and Subaru brands.

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