iA Financial Co. Inc. (OTCMKTS:IAFNF) Short Interest Up 628.9% in May
by Teresa Graham · The Cerbat GemiA Financial Co. Inc. (OTCMKTS:IAFNF – Get Free Report) was the recipient of a large growth in short interest in May. As of May 15th, there was short interest totaling 773,495 shares, a growth of 628.9% from the April 30th total of 106,122 shares. Based on an average daily volume of 19,894 shares, the days-to-cover ratio is currently 38.9 days.
iA Financial Stock Performance
iA Financial stock opened at $122.56 on Friday. The business’s 50-day simple moving average is $119.76 and its two-hundred day simple moving average is $120.82. iA Financial has a fifty-two week low of $97.84 and a fifty-two week high of $131.65.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on the company. Scotiabank reissued a “sector perform” rating on shares of iA Financial in a research report on Wednesday, April 29th. TD Securities cut iA Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, May 6th. Four research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.
Read Our Latest Analysis 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.