Leading Brands Inc (NASDAQ:LBIX) last traded at $2.03 with shares seeing a daily low of $1.47 and a high of $2.52. The swing classifies the stock as one of the most volatile of the day.
It is one of the market’s biggest gainers. Shares last traded at $2.03 much higher than the 50 day moving average which is $1.36 and which is significantly above the 200 day moving average of $1.55. The 50 day moving average was up $0.67 or +49.82% whereas the 200 day moving average was up $0.48 or +30.70%.
Short traders are feeling a little more bearish on shares of the company recently if you take a look at the change in short interest. The company experienced a rise in short interest of 2,782.61% between September 29, 2017 and October 13, 2017. Short interest increased from 5,429 to 156,497 over that period. The days to cover decreased to 0.0 and the short interest percentage is 0.06% as of October 13.
Leading Brands, Inc. (Leading Brands), launched on February 4, 1986, and its subsidiaries are engaged in the development, production, marketing and distribution of the Business’s branded and licensed beverage brands, as well as production services for certain other customers. The Business’s principal operations consist of an integrated bottling and distribution system for beverages. The Company sells beverage products through its integrated distribution system (IDS) of distributors, wholesalers and grocery chains. Its principal product lines include juices and other premium beverages. The Business’s bottling plant provides bottling services for the Business’s own products and for external customers, as requested. The Business’s beverage brands include TrueBlue, PureBlue and HappyWater..