NFI Group Inc. (OTCMKTS:NFYEF) Sees Large Drop in Short Interest

NFI Group Inc. (OTCMKTS:NFYEF) was the recipient of a large drop in short interest during the month of May. As of May 15th, there was short interest totaling 89,071 shares, a drop of 44.5% from the April 30th total of 160,548 shares. Based on an average daily volume of 35,717 shares, the days-to-cover ratio is currently 2.5 days.

Analysts Set New Price Targets

Several equities analysts recently commented on NFYEF shares. Scotiabank reaffirmed an “outperform” rating on shares of NFI Group in a research report on Tuesday, April 28th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of NFI Group in a research report on Tuesday, May 12th. TD Securities reaffirmed a “buy” rating on shares of NFI Group in a research report on Monday, May 11th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of NFI Group in a research report on Friday, May 8th. Five research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy”.

NFI Group Stock Performance

Shares of NFYEF stock opened at $16.50 on Thursday. NFI Group has a fifty-two week low of $8.86 and a fifty-two week high of $17.25. The stock’s fifty day moving average is $15.05 and its two-hundred day moving average is $12.83.

About NFI Group

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.