NFI Group Inc. (OTCMKTS:NFYEF – Get Free Report) was the recipient of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 656,048 shares, a growth of 272.8% from the June 30th total of 175,989 shares. Based on an average daily volume of 70,524 shares, the days-to-cover ratio is presently 9.3 days.
NFI Group Price Performance
NFYEF stock traded up $0.20 during mid-day trading on Tuesday, reaching $18.54. The company had a trading volume of 702 shares, compared to its average volume of 29,458. NFI Group has a fifty-two week low of $8.86 and a fifty-two week high of $18.65. The firm has a fifty day simple moving average of $16.65 and a 200 day simple moving average of $14.56.
Analyst Upgrades and Downgrades
A number of research analysts recently issued reports on NFYEF shares. BMO Capital Markets restated an “outperform” rating on shares of NFI Group in a report on Friday, May 8th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of NFI Group in a research report on Tuesday, July 21st. TD Securities reaffirmed a “buy” rating on shares of NFI Group in a research note on Monday, May 11th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of NFI Group in a research report on Friday. Five investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, NFI Group has a consensus rating of “Buy”.
NFI Group Company Profile
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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