Savaria Co. (OTCMKTS:SISXF) Sees Significant Increase in Short Interest

Savaria Co. (OTCMKTS:SISXF) was the target of a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 234,893 shares, an increase of 64.8% from the May 14th total of 142,535 shares. Based on an average trading volume of 5,857 shares, the days-to-cover ratio is presently 40.1 days.

Analyst Ratings Changes

A number of brokerages have recently issued reports on SISXF. Scotiabank reiterated an “outperform” rating on shares of Savaria in a research note on Thursday, April 16th. TD Securities reiterated a “buy” rating on shares of Savaria in a research note on Wednesday, April 15th. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy”.

Savaria Price Performance

SISXF stock opened at $20.83 on Tuesday. Savaria has a 52 week low of $14.23 and a 52 week high of $22.78. The company’s 50-day moving average price is $20.95 and its 200 day moving average price is $18.77.

Savaria Company Profile

Savaria Inc (OTCMKTS:SISXF) is a publicly traded company that specializes in the design, manufacture and distribution of mobility and accessibility solutions for residential, commercial and public infrastructure applications. Headquartered in Laval, Quebec, Savaria offers a comprehensive portfolio of products aimed at helping people with reduced mobility maintain their independence. Its solutions span stairlifts, vertical platform lifts, home elevators, wheelchair lifts and vehicle lifts, as well as related installation and maintenance services.

The company’s stairlift offering includes both straight- and curved-rail models, designed for single-flight and multi-flight installations.