Superior Plus Corp. (OTCMKTS:SUUIF – Get Rating) was the target of a large increase in short interest during the month of August. As of August 15th, there was short interest totalling 1,832,500 shares, an increase of 38.6% from the July 31st total of 1,322,600 shares. Based on an average daily volume of 3,000 shares, the days-to-cover ratio is presently 610.8 days.

Superior Plus Stock Performance

Shares of OTCMKTS:SUUIF traded down $0.13 during mid-day trading on Friday, reaching $8.65. The stock had a trading volume of 450 shares, compared to its average volume of 2,928. The firm has a 50 day simple moving average of $8.76 and a two-hundred day simple moving average of $9.13. Superior Plus has a twelve month low of $8.10 and a twelve month high of $11.90.

Analyst Ratings Changes

Several research firms have recently weighed in on SUUIF. Scotiabank lowered their target price on shares of Superior Plus from C$13.00 to C$12.50 in a report on Thursday, August 11th. Canaccord Genuity Group upped their price target on shares of Superior Plus from C$13.50 to C$14.00 in a research report on Monday, May 16th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $13.79.

Superior Plus Company Profile

Superior Plus Corp. engages in the energy distribution business. It operates through two segments, U.S. Propane Distribution and Canadian Propane Distribution. The U.S. Propane Distribution segment distributes and sells propane, heating oil, and other liquid fuels in the Northeast, Atlantic, the Southeast, the Midwest, and California.

Further Reading

• Get a free copy of the StockNews.com research report on Superior Plus (SUUIF)
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