Short Interest in First National Financial Co. (OTCMKTS:FNLIF) Drops By 37.4%

First National Financial Co. (OTCMKTS:FNLIF) was the target of a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 84,700 shares, a drop of 37.4% from the February 13th total of 135,400 shares. Based on an average daily volume of 1,700 shares, the days-to-cover ratio is currently 49.8 days.

First National Financial Stock Performance

Shares of FNLIF stock remained flat at $27.18 during mid-day trading on Monday. The stock had a trading volume of 900 shares, compared to its average volume of 1,730. The business has a fifty day moving average price of $27.73 and a two-hundred day moving average price of $28.54. First National Financial has a 12-month low of $25.00 and a 12-month high of $31.75.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. BMO Capital Markets reaffirmed a “market perform” rating on shares of First National Financial in a report on Thursday, March 6th. Scotiabank restated a “sector perform” rating on shares of First National Financial in a research report on Thursday, March 6th.

First National Financial Company Profile

First National Financial Corporation, together with its subsidiaries, originates, underwrites, and services commercial and residential mortgages in Canada. It operates in two segments, Residential and Commercial segments. The company offers single-family and multi-unit residential, and commercial mortgages.