Short Interest in Linamar Co. (OTCMKTS:LIMAF) Decreases By 17.9%

Linamar Co. (OTCMKTS:LIMAF) was the recipient of a large decline in short interest in March. As of March 15th, there was short interest totalling 863,800 shares, a decline of 17.9% from the February 28th total of 1,051,500 shares. Based on an average daily trading volume, of 40,700 shares, the days-to-cover ratio is presently 21.2 days.

Linamar Price Performance

Shares of LIMAF traded up $0.97 during midday trading on Thursday, hitting $35.77. The company had a trading volume of 24,435 shares, compared to its average volume of 25,904. The company’s 50 day moving average price is $37.07 and its 200 day moving average price is $41.00. Linamar has a 52 week low of $33.36 and a 52 week high of $54.59.

Linamar Company Profile

Linamar Corporation, together with its subsidiaries, produces engineered products in Canada, Europe, the Asia Pacific, and rest of North America. It operates through two segments, Mobility and Industrial. The Mobility segment focuses on light metal casting, forging, machining, and assembly for electrified and powered vehicle markets.