NFI Group Inc. (OTCMKTS:NFYEF) Short Interest Down 44.5% in May

NFI Group Inc. (OTCMKTS:NFYEF) saw a large decrease in short interest in the month of May. As of May 15th, there was short interest totaling 89,071 shares, a decrease of 44.5% from the April 30th total of 160,548 shares. Based on an average trading volume of 35,717 shares, the short-interest ratio is currently 2.5 days.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on NFYEF. BMO Capital Markets reaffirmed an “outperform” rating on shares of NFI Group in a report on Friday, May 8th. Scotiabank reaffirmed an “outperform” rating on shares of NFI Group in a report on Tuesday, April 28th. TD Securities reaffirmed a “buy” rating on shares of NFI Group in a report on Monday, May 11th. Finally, Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of NFI Group in a report on Tuesday, May 12th. Five equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy”.

NFI Group Price Performance

NFYEF stock traded down $0.65 during trading on Tuesday, reaching $16.60. 21,757 shares of the company were exchanged, compared to its average volume of 26,897. The company has a 50-day moving average of $14.93 and a two-hundred day moving average of $12.73. NFI Group has a twelve month low of $8.86 and a twelve month high of $17.25.

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.