iA Financial Co. Inc. (OTCMKTS:IAFNF) Short Interest Down 54.4% in April

iA Financial Co. Inc. (OTCMKTS:IAFNF) saw a large decrease in short interest during the month of April. As of April 30th, there was short interest totaling 106,122 shares, a decrease of 54.4% from the April 15th total of 232,962 shares. Based on an average trading volume of 12,016 shares, the days-to-cover ratio is currently 8.8 days.

Analysts Set New Price Targets

IAFNF has been the subject of a number of research analyst reports. TD Securities downgraded shares of iA Financial from a “buy” rating to a “hold” rating in a report on Wednesday, May 6th. Scotiabank reissued a “sector perform” rating on shares of iA Financial in a report on Wednesday, April 29th. Four research analysts have rated the stock with a Hold rating, According to data from MarketBeat, iA Financial presently has an average rating of “Hold”.

iA Financial Price Performance

Shares of OTCMKTS IAFNF traded up $0.80 during mid-day trading on Friday, reaching $120.72. The company had a trading volume of 2,064 shares, compared to its average volume of 5,853. The stock has a fifty day moving average of $116.90 and a two-hundred day moving average of $120.29. iA Financial has a 12-month low of $97.69 and a 12-month high of $131.65.

About iA Financial

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.