Short Interest in iA Financial Co. Inc. (OTCMKTS:IAFNF) Increases By 119.9%

iA Financial Co. Inc. (OTCMKTS:IAFNF) was the target of a significant increase in short interest in June. As of June 30th, there was short interest totaling 297,851 shares, an increase of 119.9% from the June 15th total of 135,466 shares. Based on an average daily trading volume, of 73,570 shares, the days-to-cover ratio is currently 4.0 days.

Analysts Set New Price Targets

Several equities analysts recently commented on IAFNF shares. Scotiabank reissued a “sector perform” rating on shares of iA Financial in a report on Wednesday. TD Securities downgraded iA Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, May 6th. Four investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold”.

iA Financial Price Performance

IAFNF remained flat at $143.70 during trading on Thursday. 19,473 shares of the company’s stock traded hands, compared to its average volume of 7,665. The stock’s 50-day moving average is $130.01 and its 200 day moving average is $123.58. iA Financial has a 12 month low of $97.84 and a 12 month high of $143.70.

About iA Financial

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.