iA Financial Co. Inc. (OTCMKTS:IAFNF) Sees Large Drop in Short Interest

iA Financial Co. Inc. (OTCMKTS:IAFNF) saw a significant decline in short interest in the month of June. As of June 15th, there was short interest totaling 135,466 shares, a decline of 51.4% from the May 31st total of 278,588 shares. Based on an average daily volume of 1,134 shares, the short-interest ratio is currently 119.5 days.

Analyst Ratings Changes

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

iA Financial Stock Performance

iA Financial stock remained flat at $136.43 during midday trading on Tuesday. 46,968 shares of the company’s stock traded hands, compared to its average volume of 6,814. iA Financial has a 52 week low of $97.84 and a 52 week high of $137.64. The business has a 50-day moving average price of $126.00 and a 200 day moving average price of $122.42.

iA Financial Company Profile

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.