iA Financial Co. Inc. (OTCMKTS:IAFNF) Sees Significant Decline in Short Interest

iA Financial Co. Inc. (OTCMKTS:IAFNF) was the recipient of a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 278,588 shares, a decline of 64.0% from the May 14th total of 773,495 shares. Based on an average daily trading volume, of 218 shares, the days-to-cover ratio is presently 1,277.9 days.

Wall Street Analyst Weigh In

Several analysts have issued reports on IAFNF shares. TD Securities downgraded shares of iA Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, May 6th. Scotiabank reissued a “sector perform” rating on shares of iA Financial in a research note on Wednesday, April 29th. Four investment analysts have rated the stock with a Hold rating, According to MarketBeat, iA Financial currently has an average rating of “Hold”.

iA Financial Stock Performance

OTCMKTS:IAFNF remained flat at $126.68 during trading hours on Friday. 1 shares of the company were exchanged, compared to its average volume of 5,500. iA Financial has a 12-month low of $97.84 and a 12-month high of $131.65. The business has a 50 day moving average of $122.86 and a 200-day moving average of $121.37.

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.