Exchange Income Co. (OTCMKTS:EIFZF) Sees Significant Growth in Short Interest

Exchange Income Co. (OTCMKTS:EIFZF) was the target of a large growth in short interest in August. As of August 31st, there was short interest totalling 74,100 shares, a growth of 27.1% from the August 15th total of 58,300 shares. Based on an average trading volume of 500 shares, the days-to-cover ratio is presently 148.2 days.

Shares of Exchange Income stock remained flat at $$34.04 on Monday. 6 shares of the stock were exchanged, compared to its average volume of 654. The firm’s 50 day simple moving average is $33.28 and its 200 day simple moving average is $32.40. Exchange Income has a 12 month low of $22.64 and a 12 month high of $34.67.

EIFZF has been the topic of several analyst reports. Raymond James boosted their price target on shares of Exchange Income from C$47.00 to C$52.00 and gave the stock a “strong-buy” rating in a research report on Monday, August 16th. TD Securities boosted their price objective on shares of Exchange Income from C$52.00 to C$53.00 and gave the stock a “buy” rating in a research note on Monday, August 16th. Scotiabank boosted their price objective on shares of Exchange Income from C$41.00 to C$43.00 and gave the stock a “sector perform” rating in a research note on Monday, August 16th. CIBC boosted their price objective on shares of Exchange Income from C$42.00 to C$45.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 6th. Finally, Royal Bank of Canada upped their price target on shares of Exchange Income from C$43.00 to C$47.00 and gave the company an “outperform” rating in a research note on Monday, August 16th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Exchange Income currently has a consensus rating of “Buy” and an average price target of $47.00.

About Exchange Income

Exchange Income Corp. is a diversified, acquisition-oriented company, which focuses on opportunities in the manufacturing and aviation business. It operates through Aerospace and Aviation and Manufacturing segments. The Aerospace and Aviation segment provides scheduled airline and charter service and emergency medical services to communities located in Manitoba, Ontario, and Nunavut.

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