First National Financial Co. (OTCMKTS:FNLIF) Short Interest Update

First National Financial Co. (OTCMKTS:FNLIFGet Rating) was the target of a large increase in short interest during the month of May. As of May 31st, there was short interest totalling 254,900 shares, an increase of 24.7% from the May 15th total of 204,400 shares. Based on an average daily volume of 300 shares, the short-interest ratio is presently 849.7 days.

Shares of FNLIF stock opened at $26.91 on Friday. First National Financial has a 1-year low of $26.00 and a 1-year high of $40.15. The stock has a 50-day moving average of $29.16 and a 200-day moving average of $31.80.

A number of research firms have weighed in on FNLIF. Scotiabank decreased their target price on shares of First National Financial from C$44.00 to C$42.00 in a research note on Tuesday, April 26th. National Bank Financial lowered their target price on First National Financial from C$46.00 to C$39.00 in a report on Tuesday, April 26th. TD Securities dropped their target price on First National Financial from C$43.00 to C$42.00 in a research report on Thursday, March 3rd. Royal Bank of Canada reduced their price target on First National Financial from C$43.00 to C$41.00 in a report on Wednesday, April 27th. Finally, BMO Capital Markets dropped their price objective on shares of First National Financial from C$46.00 to C$43.00 in a report on Thursday, March 3rd. Six analysts have rated the stock with a hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $41.40.

About First National Financial (Get Rating)

First National Financial Corporation, together with its subsidiaries, originates, underwrites, and services commercial and residential mortgages in Canada. The company operates in two segments, Residential and Commercial segments. It offers single-family residential, and multi-unit residential and commercial mortgages.

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