Savaria Co. (OTCMKTS:SISXF) Short Interest Update

Savaria Co. (OTCMKTS:SISXF) was the recipient of a large increase in short interest in July. As of July 15th, there was short interest totaling 249,026 shares, an increase of 63.5% from the June 30th total of 152,280 shares. Based on an average daily volume of 17,792 shares, the short-interest ratio is presently 14.0 days.

Wall Street Analysts Forecast Growth

SISXF has been the topic of a number of analyst reports. Scotiabank reiterated an “outperform” rating on shares of Savaria in a research note on Friday, July 24th. TD Securities restated a “buy” rating on shares of Savaria in a research report on Wednesday, April 15th. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy”.

Savaria Stock Down 4.7%

OTCMKTS SISXF traded down $1.03 during trading hours on Friday, reaching $20.78. The company’s stock had a trading volume of 18,793 shares, compared to its average volume of 6,800. The firm has a fifty day simple moving average of $21.00 and a 200-day simple moving average of $19.92. Savaria has a 52 week low of $14.33 and a 52 week high of $22.78.

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.