Savaria Co. (OTCMKTS:SISXF) Sees Large Decrease in Short Interest

Savaria Co. (OTCMKTS:SISXF) was the recipient of a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 460,148 shares, a decrease of 34.9% from the September 30th total of 706,699 shares. Based on an average daily trading volume, of 22,602 shares, the short-interest ratio is presently 20.4 days.

Savaria Stock Performance

Shares of OTCMKTS SISXF opened at $20.32 on Wednesday. Savaria has a 52 week low of $14.81 and a 52 week high of $22.88. The business has a 50-day simple moving average of $20.51 and a two-hundred day simple moving average of $20.20.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on SISXF. Scotiabank reiterated an “outperform” rating on shares of Savaria in a research note on Friday, July 24th. TD Securities restated a “buy” rating on shares of Savaria in a research note on Friday, August 7th. Two analysts have rated the stock with a Buy rating. Based on data from MarketBeat, Savaria presently has an average rating of “Buy”.

Savaria Company Profile

Savaria is a Canadian company that develops, manufactures and distributes accessibility and mobility equipment for residential, commercial and institutional customers. Its products are designed to help people with reduced mobility move safely and independently in homes, healthcare facilities and other buildings.

The company’s product portfolio includes stair lifts, wheelchair platform lifts, inclined platform lifts, residential and commercial elevators, vertical platform lifts, patient-transfer and ceiling-lift systems, and related accessibility equipment.