iA Financial Co. Inc. (OTCMKTS:IAFNF) Sees Significant Decrease in Short Interest

iA Financial Co. Inc. (OTCMKTS:IAFNFGet Free Report) was the target of a large decline in short interest in June. As of June 15th, there was short interest totaling 135,466 shares, a decline of 51.4% from the May 31st total of 278,588 shares. Based on an average daily volume of 1,134 shares, the days-to-cover ratio is presently 119.5 days.

Analyst Upgrades and Downgrades

IAFNF has been the subject of several research reports. TD Securities downgraded shares of iA Financial from a “buy” rating to a “hold” rating in a report on Wednesday, May 6th. Scotiabank reaffirmed a “sector perform” rating on shares of iA Financial in a report on Wednesday, April 29th. Four investment analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of “Hold”.

Get Our Latest Report on iA Financial

iA Financial Stock Performance

IAFNF remained flat at $136.43 on Wednesday. The company had a trading volume of 46,968 shares, compared to its average volume of 6,814. The company’s 50-day moving average is $126.21 and its two-hundred day moving average is $122.50. iA Financial has a 12 month low of $97.84 and a 12 month high of $137.64.

About iA Financial

(Get Free Report)

iA Financial Group (OTCMKTS: IAFNF) is a Canadian-based insurance and wealth management company offering a broad spectrum of financial products and services. The company’s core operations encompass life and health insurance, creditor insurance, auto and home insurance, as well as group insurance solutions for businesses and associations. Founded in 1892 and headquartered in Quebec City, iA Financial has grown to become one of Canada’s largest insurers and wealth managers, serving individual and corporate clients through a comprehensive network of agents, brokers, and financial advisors.

In its wealth management division, iA Financial Group provides retirement savings plans, mutual funds, segregated funds, and managed accounts.

Recommended Stories

Receive News & Ratings for iA Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iA Financial and related companies with MarketBeat.com's FREE daily email newsletter.