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

iA Financial Co. Inc. (OTCMKTS:IAFNF) was the target of a significant increase in short interest in the month of 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 short-interest ratio is currently 4.0 days.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on IAFNF shares. TD Securities lowered iA Financial from a “buy” rating to a “hold” rating in a report on Wednesday, May 6th. Scotiabank reissued a “sector perform” rating on shares of iA Financial in a research note on Wednesday, April 29th. Four investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold”.

iA Financial Stock Performance

Shares of IAFNF stock remained flat at $143.70 on Wednesday. 2,998 shares of the company traded hands, compared to its average volume of 7,665. iA Financial has a 1-year low of $97.84 and a 1-year high of $143.70. The firm’s fifty day moving average price is $129.47 and its two-hundred day moving average price is $123.49.

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.