NFI Group Inc. (OTCMKTS:NFYEF) Sees Large Increase in Short Interest

NFI Group Inc. (OTCMKTS:NFYEF) saw a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 1,980,800 shares, an increase of 50.2% from the September 30th total of 1,318,800 shares. Based on an average trading volume of 22,500 shares, the days-to-cover ratio is currently 88.0 days. Based on an average trading volume of 22,500 shares, the days-to-cover ratio is currently 88.0 days.

NFI Group Price Performance

NFYEF traded up $0.19 on Monday, hitting $10.23. 25,083 shares of the company were exchanged, compared to its average volume of 25,206. NFI Group has a 12 month low of $6.87 and a 12 month high of $14.40. The firm has a fifty day simple moving average of $11.76 and a two-hundred day simple moving average of $11.77.

Wall Street Analyst Weigh In

NFYEF has been the topic of several recent analyst reports. Scotiabank reissued an “outperform” rating on shares of NFI Group in a research note on Tuesday, August 5th. BMO Capital Markets reiterated an “outperform” rating on shares of NFI Group in a report on Monday, September 29th. CIBC restated an “outperform” rating on shares of NFI Group in a research note on Monday, September 29th. Finally, National Bankshares reiterated an “outperform” rating on shares of NFI Group in a research note on Tuesday, August 5th. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, NFI Group currently has a consensus rating of “Buy”.

About NFI Group

NFI Group Inc, together with its subsidiaries, manufactures and sells buses in North America, the United Kingdom, rest of Europe, and the Asia Pacific. It operates through Manufacturing Operations and Aftermarket Operations segments. The Manufacturing Operations segment design, manufacture, service, and support transit buses, coaches, medium-duty shuttles, and low floor cutaway buses.