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

NFI Group Inc. (OTCMKTS:NFYEF) was the recipient of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 656,048 shares, an increase of 272.8% from the June 30th total of 175,989 shares. Based on an average daily trading volume, of 70,524 shares, the short-interest ratio is currently 9.3 days.

NFI Group Price Performance

Shares of NFYEF stock traded up $0.11 during trading hours on Friday, reaching $18.35. The company had a trading volume of 7,224 shares, compared to its average volume of 29,850. NFI Group has a twelve month low of $8.86 and a twelve month high of $18.65. The stock’s fifty day simple moving average is $16.58 and its 200 day simple moving average is $14.49.

Analyst Ratings Changes

Several analysts have commented on the company. TD Securities restated a “buy” rating on shares of NFI Group in a report on Monday, May 11th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of NFI Group in a research report on Tuesday. Scotiabank restated an “outperform” rating on shares of NFI Group in a report on Friday. 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, the stock has a consensus 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.