Short Interest in NFI Group Inc. (OTCMKTS:NFYEF) Expands By 272.8%

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

Wall Street Analysts Forecast Growth

NFYEF has been the topic of several analyst reports. BMO Capital Markets reiterated an “outperform” rating on shares of NFI Group in a report on Friday, May 8th. Scotiabank restated an “outperform” rating on shares of NFI Group in a research note on Friday. TD Securities reaffirmed a “buy” rating on shares of NFI Group in a report on Monday, May 11th. Finally, Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of NFI Group in a research note on Tuesday, July 21st. Five investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy”.

NFI Group Stock Performance

NFYEF traded down $0.19 during midday trading on Monday, reaching $18.16. The company’s stock had a trading volume of 5,652 shares, compared to its average volume of 29,652. The company has a fifty day simple moving average of $16.58 and a 200 day simple moving average of $14.51. NFI Group has a twelve month low of $8.86 and a twelve month high of $18.65.

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.