What’s Propelling Till Capital LTD. – Restricted Voting Shares (NASDAQ:TIL) After Higher Shorts Reported?

April 16, 2018 - By Vivian Currie

Till Capital Ltd. (NASDAQ:TIL) Logo

The stock of Till Capital LTD. – Restricted Voting Shares (NASDAQ:TIL) registered an increase of 900% in short interest. TIL’s total short interest was 2,000 shares in April as published by FINRA. Its up 900% from 200 shares, reported previously. With 2,700 shares average volume, it will take short sellers 1 days to cover their TIL’s short positions. The short interest to Till Capital LTD. – Restricted Voting Shares’s float is 0.08%.

The stock decreased 2.94% or $0.12 during the last trading session, reaching $4.01. About 5,946 shares traded or Infinity% up from the average. Till Capital Ltd. (NASDAQ:TIL) has 0.00% since April 16, 2017 and is . It has underperformed by 11.55% the S&P500.

Till Capital Ltd., through its subsidiaries, engages in the insurance and reinsurance business in Canada, Bermuda, and the United States. The company has market cap of $11.66 million. The firm provides assumption reinsurance to insurance companies that want to exit the Canadian market; and to insurance companies that want to transfer their remaining claim liabilities on particular books of business, as well as operational services to facilitate the exit of those companies. It currently has negative earnings. It also acts as the primary insurer and direct writer for insurance companies seeking Canadian business, but lacking the appropriate Canadian insurance licenses; and ongoing and one-time consulting services in the areas of taxation, risk management, mergers and acquisitions, expert witness testimony, and claim reviews.

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