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

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on SISXF shares. Scotiabank reaffirmed an “outperform” rating on shares of Savaria in a research note on Thursday, April 16th. TD Securities reissued a “buy” rating on shares of Savaria in a report on Wednesday, April 15th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus 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 moving average is $20.74 and its two-hundred day moving average is $19.57.

Savaria Company Profile

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.