Exchange Income Co. (OTCMKTS:EIFZF) Sees Large Increase in Short Interest

Exchange Income Co. (OTCMKTS:EIFZF) was the recipient of a significant growth in short interest in October. As of October 15th, there was short interest totaling 388,186 shares, a growth of 62.8% from the September 30th total of 238,392 shares. Based on an average daily volume of 9,709 shares, the days-to-cover ratio is presently 40.0 days.

Wall Street Analyst Weigh In

EIFZF has been the topic of several research reports. Scotiabank reaffirmed an “outperform” rating on shares of Exchange Income in a research report on Thursday, August 13th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Exchange Income in a report on Thursday, August 13th. Finally, Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Exchange Income in a research note on Thursday, August 13th. Four equities research analysts have rated the stock with a Buy rating. According to MarketBeat, the stock presently has a consensus rating of “Buy”.

Exchange Income Stock Down 0.6%

Shares of Exchange Income stock traded down $0.49 during midday trading on Monday, reaching $82.24. 140 shares of the company’s stock traded hands, compared to its average volume of 11,765. Exchange Income has a 52 week low of $52.90 and a 52 week high of $95.53. The company’s 50 day simple moving average is $84.77 and its 200 day simple moving average is $81.79.

About Exchange Income

Exchange Income Corporation is a diversified Canadian company headquartered in Winnipeg, Manitoba. It acquires and operates businesses that provide essential services and products, with a focus on aviation and aerospace, manufacturing, and related infrastructure and equipment services.

Through its aviation and aerospace operations, the company provides regional passenger transportation, air cargo, charter flights, medevac and other specialized aviation services. Its businesses serve remote and northern communities, government and corporate customers, and other organizations that require reliable air transportation and aviation support.

Exchange Income also owns manufacturing businesses that produce specialized products and equipment for industrial, infrastructure, transportation and other commercial markets.