iA Financial Co. Inc. (OTCMKTS:IAFNF) Sees Large Growth in Short Interest

iA Financial Co. Inc. (OTCMKTS:IAFNF) saw a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 773,495 shares, an increase of 628.9% from the April 30th total of 106,122 shares. Based on an average daily volume of 19,894 shares, the short-interest ratio is currently 38.9 days.

iA Financial Price Performance

Shares of OTCMKTS:IAFNF remained flat at $122.56 during midday trading on Friday. The stock had a trading volume of 403 shares, compared to its average volume of 5,668. iA Financial has a 1 year low of $97.84 and a 1 year high of $131.65. The stock’s 50 day moving average price is $119.51 and its 200 day moving average price is $120.80.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on IAFNF shares. TD Securities cut iA Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, May 6th. Scotiabank reaffirmed a “sector perform” rating on shares of iA Financial in a research note on Wednesday, April 29th. Four research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of “Hold”.

iA Financial Company Profile

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.