Trisura Group Ltd. (OTCMKTS:TRRSF) Sees Significant Decline in Short Interest

Trisura Group Ltd. (OTCMKTS:TRRSF) was the recipient of a large decline in short interest in the month of August. As of August 31st, there was short interest totalling 16,400 shares, a decline of 20.0% from the August 15th total of 20,500 shares. Based on an average trading volume of 1,400 shares, the short-interest ratio is currently 11.7 days.

Several brokerages recently issued reports on TRRSF. Raymond James cut Trisura Group from an “outperform” rating to a “market perform” rating in a research report on Thursday, August 6th. BMO Capital Markets boosted their price target on Trisura Group from $62.00 to $107.00 and gave the company an “outperform” rating in a research report on Thursday, August 6th. National Bank Financial began coverage on Trisura Group in a research report on Friday, July 24th. They issued an “outperform” rating on the stock. Stifel Nicolaus boosted their price target on Trisura Group from $60.00 to $95.00 and gave the company a “buy” rating in a research report on Tuesday, July 21st. Finally, TD Securities lifted their price objective on Trisura Group from $59.00 to $100.00 and gave the company a “buy” rating in a report on Friday, July 31st. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $100.67.

Shares of TRRSF opened at $62.66 on Thursday. Trisura Group has a twelve month low of $21.69 and a twelve month high of $73.80. The stock’s 50 day moving average is $64.11 and its two-hundred day moving average is $43.49.

Trisura Group Company Profile

Trisura Group Ltd., a specialty insurance company, operates in the surety, risk solutions, corporate insurance, and reinsurance businesses in Canada and the United States. The company offers contract surety bonds, such as performance, and labor and material payment bonds primarily for the construction industry; commercial surety bonds, including license and permit, tax and excise, and fiduciary bonds to governments, regulatory bodies, or courts to guarantee compliance with legal or fiduciary obligations; and developer surety bonds comprising bonds to secure real estate developers' legislated deposit and warranty obligations on residential projects.

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