iA Financial Co. Inc. (OTCMKTS:IAFNF – Get Free Report) was the recipient of a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 135,466 shares, a drop of 51.4% from the May 31st total of 278,588 shares. Based on an average daily trading volume, of 1,134 shares, the days-to-cover ratio is currently 119.5 days.
Analysts Set New Price Targets
IAFNF has been the topic of a number of research analyst reports. Scotiabank restated a “sector perform” rating on shares of iA Financial in a research note on Wednesday, April 29th. TD Securities lowered shares of iA Financial from a “buy” rating to a “hold” rating in a report on Wednesday, May 6th. Four investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.
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iA Financial Price Performance
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.
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