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

iA Financial Co. Inc. (OTCMKTS:IAFNF) was the target of a large increase in short interest in June. As of June 30th, there was short interest totaling 297,851 shares, an increase of 119.9% from the June 15th total of 135,466 shares. Based on an average daily volume of 73,570 shares, the short-interest ratio is currently 4.0 days.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Scotiabank reiterated a “sector perform” rating on shares of iA Financial in a report on Wednesday. TD Securities downgraded iA Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, May 6th. Four equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, iA Financial has a consensus rating of “Hold”.

iA Financial Price Performance

Shares of IAFNF opened at $143.70 on Friday. The business’s 50 day moving average is $130.50 and its two-hundred day moving average is $123.68. iA Financial has a 52-week low of $97.84 and a 52-week high of $143.70.

iA Financial Company Profile

iA Financial Group (OTCMKTS: IAFNF) is a Canadian-based insurance and wealth management company offering a broad spectrum of financial products and services. The company’s core operations encompass life and health insurance, creditor insurance, auto and home insurance, as well as group insurance solutions for businesses and associations. Founded in 1892 and headquartered in Quebec City, iA Financial has grown to become one of Canada’s largest insurers and wealth managers, serving individual and corporate clients through a comprehensive network of agents, brokers, and financial advisors.

In its wealth management division, iA Financial Group provides retirement savings plans, mutual funds, segregated funds, and managed accounts.