iA Financial Co. Inc. (OTCMKTS:IAFNF) Short Interest Update

iA Financial Co. Inc. (OTCMKTS:IAFNFGet Rating) was the target of a significant increase in short interest during the month of April. As of April 30th, there was short interest totalling 328,800 shares, an increase of 93.2% from the April 15th total of 170,200 shares. Based on an average daily volume of 1,500 shares, the short-interest ratio is presently 219.2 days.

OTCMKTS IAFNF remained flat at $$45.31 on Friday. 194 shares of the company’s stock traded hands, compared to its average volume of 1,280. The business has a 50-day moving average of $57.02 and a two-hundred day moving average of $58.75. iA Financial has a fifty-two week low of $45.27 and a fifty-two week high of $66.61.

Several analysts have recently weighed in on the stock. BMO Capital Markets decreased their price target on shares of iA Financial from C$94.00 to C$89.00 in a research note on Friday. CIBC downgraded shares of iA Financial from an “outperform” rating to a “neutral” rating in a research note on Tuesday, April 26th. Scotiabank reduced their price objective on shares of iA Financial from C$92.00 to C$85.00 in a research note on Monday, May 2nd. TD Securities reduced their price objective on shares of iA Financial from C$94.00 to C$90.00 in a research note on Friday. Finally, National Bank Financial reduced their price objective on shares of iA Financial from C$89.00 to C$88.00 in a research note on Wednesday, April 20th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $86.94.

About iA Financial (Get Rating)

iA Financial Corporation Inc, through its subsidiary, Industrial Alliance Insurance and Financial Services Inc, provides various life and health insurance products in Canada and the United States. The company operates through Individual Insurance, Individual Wealth Management, Group Insurance, Group Savings and Retirement, US Operations, and Other segments.

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