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

iA Financial Co. Inc. (OTCMKTS:IAFNF) saw a large increase in short interest during the month of 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 trading volume, of 73,570 shares, the days-to-cover ratio is currently 4.0 days.

Analysts Set New Price Targets

IAFNF has been the subject of a number of recent research reports. TD Securities downgraded shares of iA Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, May 6th. Scotiabank restated a “sector perform” rating on shares of iA Financial in a research note on Wednesday, April 29th. Four analysts have rated the stock with a Hold rating, Based on data from MarketBeat, iA Financial presently has a consensus rating of “Hold”.

iA Financial Stock Performance

Shares of IAFNF remained flat at $143.70 during midday trading on Wednesday. 2,998 shares of the stock traded hands, compared to its average volume of 7,665. iA Financial has a 52 week low of $97.84 and a 52 week high of $143.70. The company’s fifty day simple moving average is $129.47 and its 200 day simple moving average is $123.49.

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.