Short Interest Ratio Indicates Bullish Canadian Stocks: $PPL $OTEX $WN

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Pembina Pipeline Declares Dividend of $0.21 Per Share For August

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Pembina Pipeline Corporation (TSX: PPL) has a short interest ratio of 8.32 which means investors think the price is to increase in the near-term. This means the sentiments are bullish on the stock. The company's Board of Directors has declared a dividend of $0.21 per common share for August 2020. The dividend will be payable to shareholders on September 15, 2020, to those stockholders that will be on record as of August 25, 2020. Based in the current exchange rate of 0.754, investors receiving dividends in US funds will receive $0.1583 per share. Actual dividends will depend on the Canadian/US exchange rate on the payment and will be subject to withholding taxes.

Co-op Group To Use Open Text's Trading Grid To Onboard Suppliers

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Open Text Corp (TSX: OTEX) is another stock showing bullish sentiment and it has a short interest ratio of 2.95 implying investors are optimistic the price will rise in the near-term. The company has announced that the UK retailer Co-op Group has automated its suppliers' onboarding using the OpenText Trading Grid. The new self-service feature will enable faster onboarding of suppliers whole enabling them to share real-time order information that includes sending Advanced Shipping Notifications to the retailer on pending deliveries.

The company has entered an agreement to be the platform of choice for the US NIH for enterprise information management. The NIH will expand the deployment of the company's OpenText(TM) AppWorks and OpenText(TM) Content Suite to support enterprise information management needs.

George Weston Reports Net Loss Of $255 million in Q2 2020

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Another stock that is showing bullish sentiment is George Weston Limited (TSX: WN) which has a short interest ratio of 4.34 meaning investors are optimistic that the price will increase in the near-term. The company has filed its Q2 2020 results in which net loss attributable to shareholders in the quarter was $255 million or $1.66 per share compared to net earnings of $184 million or $1.19 per share. The decline was a result of $21 million or $077 per share in operating performance in the quarter. Adjusted net earnings in the quarter were $142 million or $0.93 per share. For the year ended June 13, 2020, the company had revenue of $12.357 billion with a net loss being $245 million.

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