Short Interest in iA Financial Co. Inc. (OTCMKTS:IAFNF) Decreases By 64.0%

iA Financial Co. Inc. (OTCMKTS:IAFNF) was the recipient of a significant decrease in short interest in May. As of May 29th, there was short interest totaling 278,588 shares, a decrease 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 currently 1,277.9 days.

Analysts Set New Price Targets

Several analysts recently issued reports on IAFNF shares. TD Securities cut shares of iA Financial from a “buy” rating to a “hold” rating in a report on Wednesday, May 6th. Scotiabank reissued a “sector perform” rating on shares of iA Financial in a report on Wednesday, April 29th. Four investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

iA Financial Stock Performance

Shares of OTCMKTS:IAFNF remained flat at $126.68 on Friday. 300 shares of the company’s stock were exchanged, compared to its average volume of 5,500. iA Financial has a 52 week low of $97.84 and a 52 week high of $131.65. The business has a fifty day simple moving average of $122.58 and a 200-day simple moving average of $121.33.

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.