NFI Group Inc. (OTCMKTS:NFYEF) Short Interest Update

NFI Group Inc. (OTCMKTS:NFYEF) was the target of a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 33,427 shares, a decline of 68.8% from the May 31st total of 107,237 shares. Based on an average trading volume of 17,874 shares, the days-to-cover ratio is currently 1.9 days.

Analysts Set New Price Targets

NFYEF has been the subject of several analyst reports. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of NFI Group in a report on Tuesday, May 12th. Scotiabank reissued an “outperform” rating on shares of NFI Group in a research note on Tuesday, April 28th. TD Securities restated a “buy” rating on shares of NFI Group in a report on Monday, May 11th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of NFI Group in a research note on Friday, May 8th. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy”.

NFI Group Stock Performance

OTCMKTS NFYEF remained flat at $16.76 on Friday. 25,408 shares of the company’s stock traded hands, compared to its average volume of 25,165. NFI Group has a 12-month low of $8.86 and a 12-month high of $17.25. The business’s 50-day moving average price is $15.74 and its 200-day moving average price is $13.57.

About NFI Group

NFI Group Inc is a leading manufacturer of heavy-duty transit buses and coaches, offering a range of zero-emission, diesel, natural gas and hybrid solutions for public transportation authorities and private operators. Through its flagship brands—New Flyer in North America and Alexander Dennis in the United Kingdom—NFI Group develops, assembles and delivers complete transit and motorcoach vehicles designed to meet evolving environmental standards and customer demands for performance, safety and rider comfort.

Headquartered in Winnipeg, Manitoba, NFI Group operates multiple manufacturing facilities across Canada, the United States, Mexico and the United Kingdom, supported by a global parts, service and remanufacturing network.