Short Interest in iA Financial Co. Inc. (OTCMKTS:IAFNF) Decreases By 64.0%
by Sarita Garza · The Markets DailyiA Financial Co. Inc. (OTCMKTS:IAFNF – Get Free Report) saw a significant drop in short interest in May. As of May 29th, there was short interest totaling 278,588 shares, a drop of 64.0% from the May 14th total of 773,495 shares. Based on an average trading volume of 218 shares, the short-interest ratio is currently 1,277.9 days.
iA Financial Price Performance
IAFNF remained flat at $126.68 during trading on Friday. 300 shares of the company traded hands, compared to its average volume of 5,500. The stock has a fifty day moving average of $122.58 and a 200-day moving average of $121.33. iA Financial has a 1 year low of $97.84 and a 1 year high of $131.65.
Analyst Upgrades and Downgrades
Several analysts have recently weighed in on the company. TD Securities downgraded iA Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, May 6th. Scotiabank restated a “sector perform” rating on shares of iA Financial in a research note on Wednesday, April 29th. Four investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, iA Financial currently has an average rating of “Hold”.
Read Our Latest Stock Report on iA Financial
About iA Financial
iA Financial Group (OTCMKTS: IAFNF) is a Canadian-based insurance and wealth management company offering a broad spectrum of financial products and services. The company’s core operations encompass life and health insurance, creditor insurance, auto and home insurance, as well as group insurance solutions for businesses and associations. Founded in 1892 and headquartered in Quebec City, iA Financial has grown to become one of Canada’s largest insurers and wealth managers, serving individual and corporate clients through a comprehensive network of agents, brokers, and financial advisors.
In its wealth management division, iA Financial Group provides retirement savings plans, mutual funds, segregated funds, and managed accounts.