Short Interest in NFI Group Inc. (OTCMKTS:NFYEF) Grows By 426.5%

NFI Group Inc. (OTCMKTS:NFYEF) was the target of a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 175,989 shares, an increase of 426.5% from the June 15th total of 33,427 shares. Based on an average trading volume of 13,476 shares, the short-interest ratio is currently 13.1 days.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of NFI Group in a report on Tuesday, May 12th. BMO Capital Markets restated an “outperform” rating on shares of NFI Group in a research report on Friday, May 8th. TD Securities reaffirmed a “buy” rating on shares of NFI Group in a research note on Monday, May 11th. Finally, Scotiabank reissued an “outperform” rating on shares of NFI Group in a research note on Tuesday, April 28th. Five analysts have rated the stock with a Buy rating, According to MarketBeat.com, NFI Group has an average rating of “Buy”.

NFI Group Price Performance

NFYEF opened at $17.26 on Friday. The business has a fifty day moving average price of $16.05 and a 200 day moving average price of $14.03. NFI Group has a 12 month low of $8.86 and a 12 month high of $17.26.

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.