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

iA Financial Co. Inc. (OTCMKTS:IAFNF) was the target of a significant drop in short interest during the month of May. As of May 29th, there was short interest totaling 278,588 shares, a drop of 64.0% from the May 14th total of 773,495 shares. Based on an average trading volume of 218 shares, the short-interest ratio is presently 1,277.9 days.

iA Financial Price Performance

Shares of OTCMKTS IAFNF remained flat at $126.68 during midday trading on Friday. The stock had a trading volume of 1 shares, compared to its average volume of 5,500. iA Financial has a fifty-two week low of $97.84 and a fifty-two week high of $131.65. The business has a fifty day moving average of $122.86 and a two-hundred day moving average of $121.37.

Analysts Set New Price Targets

A number of research firms recently commented on IAFNF. TD Securities lowered iA Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, May 6th. Scotiabank reissued a “sector perform” rating on shares of iA Financial in a research note on Wednesday, April 29th. Four equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, iA Financial presently has an average rating of “Hold”.

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.