Short Interest in NFI Group Inc. (OTCMKTS:NFYEF) Increases By 272.8%

NFI Group Inc. (OTCMKTS:NFYEF) was the target of a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 656,048 shares, an increase of 272.8% from the June 30th total of 175,989 shares. Based on an average trading volume of 70,524 shares, the days-to-cover ratio is presently 9.3 days.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of NFI Group in a research report on Tuesday. BMO Capital Markets reissued an “outperform” rating on shares of NFI Group in a research note on Friday, May 8th. TD Securities reissued a “buy” rating on shares of NFI Group in a report on Monday, May 11th. Finally, Scotiabank reiterated an “outperform” rating on shares of NFI Group in a research report on Friday. Five equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy”.

NFI Group Trading Up 0.6%

NFI Group stock traded up $0.11 during midday trading on Friday, reaching $18.35. 7,224 shares of the company were exchanged, compared to its average volume of 29,850. The firm’s 50-day simple moving average is $16.58 and its 200-day simple moving average is $14.49. NFI Group has a 1 year low of $8.86 and a 1 year high of $18.65.

About NFI Group

NFI Group Inc is a leading manufacturer of heavy-duty transit buses and coaches, offering a range of zero-emission, diesel, natural gas and hybrid solutions for public transportation authorities and private operators. Through its flagship brands—New Flyer in North America and Alexander Dennis in the United Kingdom—NFI Group develops, assembles and delivers complete transit and motorcoach vehicles designed to meet evolving environmental standards and customer demands for performance, safety and rider comfort.

Headquartered in Winnipeg, Manitoba, NFI Group operates multiple manufacturing facilities across Canada, the United States, Mexico and the United Kingdom, supported by a global parts, service and remanufacturing network.