NFI Group Inc. (OTCMKTS:NFYEF) Short Interest Down 68.8% in June

NFI Group Inc. (OTCMKTS:NFYEF) saw a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 33,427 shares, a drop of 68.8% from the May 31st total of 107,237 shares. Based on an average daily volume of 17,874 shares, the short-interest ratio is presently 1.9 days.

NFI Group Price Performance

Shares of NFYEF remained flat at $17.10 during mid-day trading on Tuesday. The stock had a trading volume of 24,217 shares, compared to its average volume of 24,946. The company has a 50-day moving average price of $15.79 and a two-hundred day moving average price of $13.65. NFI Group has a one year low of $8.86 and a one year high of $17.25.

Wall Street Analyst Weigh In

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

NFI Group Company Profile

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.