NFI Group Inc. (OTCMKTS:NFYEF – Get Free Report) was the recipient of a large decrease in short interest in June. As of June 15th, there was short interest totaling 33,427 shares, a decrease of 68.8% from the May 31st total of 107,237 shares. Based on an average trading volume of 17,874 shares, the short-interest ratio is currently 1.9 days.
NFI Group Stock Performance
Shares of OTCMKTS:NFYEF remained flat at $16.76 during midday trading on Friday. The company had a trading volume of 25,408 shares, compared to its average volume of 25,165. NFI Group has a twelve month low of $8.86 and a twelve month high of $17.25. The stock’s 50-day moving average is $15.74 and its two-hundred day moving average is $13.57.
Analysts Set New Price Targets
Several equities analysts have weighed in on NFYEF shares. TD Securities reaffirmed a “buy” rating on shares of NFI Group in a research note on Monday, May 11th. BMO Capital Markets reissued an “outperform” rating on shares of NFI Group in a research report on Friday, May 8th. Scotiabank restated an “outperform” rating on shares of NFI Group in a report on Tuesday, April 28th. Finally, Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of NFI Group in a research report on Tuesday, May 12th. Five equities research analysts have rated the stock with a Buy rating, According to MarketBeat, NFI Group has an average rating of “Buy”.
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.
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