Short Interest in Savaria Co. (OTCMKTS:SISXF) Decreases By 35.7%

Savaria Co. (OTCMKTS:SISXF) saw a large decline in short interest in the month of June. As of June 30th, there was short interest totaling 152,280 shares, a decline of 35.7% from the June 15th total of 236,780 shares. Based on an average trading volume of 9,009 shares, the days-to-cover ratio is currently 16.9 days.

Analysts Set New Price Targets

SISXF has been the topic of a number of research analyst reports. TD Securities reissued a “buy” rating on shares of Savaria in a report on Wednesday, April 15th. Scotiabank reaffirmed an “outperform” rating on shares of Savaria in a report on Thursday, April 16th. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy”.

Savaria Stock Performance

OTCMKTS SISXF opened at $22.31 on Friday. Savaria has a 12 month low of $14.23 and a 12 month high of $22.78. The company’s 50 day simple moving average is $20.71 and its 200 day simple moving average is $19.55.

About Savaria

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.