iA Financial Co. Inc. (OTCMKTS:IAFNF) Short Interest Up 628.9% in May

iA Financial Co. Inc. (OTCMKTS:IAFNF) was the target of a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 773,495 shares, an increase of 628.9% from the April 30th total of 106,122 shares. Based on an average daily volume of 19,894 shares, the days-to-cover ratio is presently 38.9 days.

iA Financial Stock Up 1.5%

Shares of IAFNF traded up $1.84 during trading hours on Thursday, hitting $122.56. The stock had a trading volume of 403 shares, compared to its average volume of 5,759. The company’s fifty day moving average is $119.25 and its two-hundred day moving average is $120.75. iA Financial has a 52 week low of $97.84 and a 52 week high of $131.65.

Wall Street Analyst Weigh In

IAFNF has been the topic of several analyst reports. Scotiabank reaffirmed a “sector perform” rating on shares of iA Financial in a report 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, Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

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.