Exfo Inc (NASDAQ:EXFO) (TSE:EXF) was the target of a large decline in short interest during the month of April. As of April 28th, there was short interest totalling 27,730 shares, a decline of 7.9% from the April 13th total of 30,097 shares. Based on an average daily volume of 21,212 shares, the short-interest ratio is presently 1.3 days.

A number of research firms recently commented on EXFO. National Bank Financial reiterated a “sector perform” rating and issued a $5.50 price objective on shares of Exfo in a report on Wednesday, April 19th. Zacks Investment Research cut Exfo from a “hold” rating to a “sell” rating in a report on Monday, April 3rd. Finally, Canaccord Genuity reiterated a “hold” rating and issued a $5.75 price objective on shares of Exfo in a report on Tuesday, May 2nd. Five equities research analysts have rated the stock with a hold rating, The company currently has a consensus rating of “Hold” and an average price target of $5.20.

A number of hedge funds have recently made changes to their positions in EXFO. Geode Capital Management LLC raised its stake in shares of Exfo by 97.0% in the first quarter. Geode Capital Management LLC now owns 20,940 shares of the communications equipment provider’s stock worth $109,000 after buying an additional 10,311 shares during the period. Hillsdale Investment Management Inc. raised its stake in shares of Exfo by 20.7% in the first quarter. Hillsdale Investment Management Inc. now owns 187,000 shares of the communications equipment provider’s stock worth $980,000 after buying an additional 32,100 shares during the period. Harber Asset Management LLC raised its stake in shares of Exfo by 15.7% in the third quarter. Harber Asset Management LLC now owns 275,321 shares of the communications equipment provider’s stock worth $1,024,000 after buying an additional 37,412 shares during the period. Renaissance Technologies LLC raised its stake in shares of Exfo by 4.4% in the fourth quarter. Renaissance Technologies LLC now owns 1,375,380 shares of the communications equipment provider’s stock worth $6,052,000 after buying an additional 58,468 shares during the period. Finally, Acadian Asset Management LLC raised its stake in shares of Exfo by 1,114.1% in the first quarter. Acadian Asset Management LLC now owns 86,200 shares of the communications equipment provider’s stock worth $451,000 after buying an additional 79,100 shares during the period. Hedge funds and other institutional investors own 15.09% of the company’s stock.

Exfo (NASDAQ:EXFO) remained flat at $4.65 on Friday. 11,924 shares of the company were exchanged. Exfo has a 12-month low of $3.07 and a 12-month high of $6.15. The company has a market cap of $253.75 million, a PE ratio of 33.70 and a beta of 0.71. The stock has a 50-day moving average price of $4.69 and a 200 day moving average price of $4.88.

Exfo (NASDAQ:EXFO) last announced its earnings results on Wednesday, March 29th. The communications equipment provider reported $0.04 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.04. Exfo had a net margin of 4.36% and a return on equity of 6.60%. The firm had revenue of $60 million for the quarter, compared to analyst estimates of $60.47 million. The business’s revenue for the quarter was up 11.9% on a year-over-year basis. Equities analysts forecast that Exfo will post $0.22 earnings per share for the current fiscal year.

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Exfo Company Profile

EXFO Inc is a Canada-based company, which provides communications service providers (CSPs) and data center, cloud and Web-scale operators with field test, service assurance and analytics solutions to ensure the deployment, maintenance and management of physical, virtual, fixed and mobile networks. It focuses on network infrastructures: fourth generation (4G)/long-term evolution (LTE), wireless backhaul, small cells and distributed antenna systems (DAS), 100G network upgrades and fiber-to-the-home (FTTH)/fiber-to-the-curb (FTTC)/fiber-to-the-node (FTTN) deployments.

12 Month Chart for NASDAQ:EXFO

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