iA Financial Co. Inc. (OTCMKTS:IAFNF) Sees Significant Decrease in Short Interest
by Scott Moore · The Cerbat GemiA Financial Co. Inc. (OTCMKTS:IAFNF – Get Free Report) was the recipient of a large decline in short interest in April. As of April 30th, there was short interest totaling 106,122 shares, a decline of 54.4% from the April 15th total of 232,962 shares. Based on an average daily volume of 12,016 shares, the days-to-cover ratio is currently 8.8 days.
Wall Street Analysts Forecast Growth
Several research analysts recently commented on the company. Scotiabank reissued a “sector perform” rating on shares of iA Financial in a research note on Wednesday, April 29th. TD Securities cut iA Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, May 6th. Four investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold”.
Get Our Latest Report on IAFNF
iA Financial Trading Up 0.7%
Shares of OTCMKTS:IAFNF traded up $0.80 on Friday, hitting $120.72. 2,064 shares of the company’s stock were exchanged, compared to its average volume of 5,853. The firm’s 50-day moving average is $116.90 and its 200 day moving average is $120.29. iA Financial has a 1-year low of $97.69 and a 1-year high of $131.65.
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.