NFI Group Inc. (OTCMKTS:NFYEF – Get Rating) saw a significant decrease in short interest in December. As of December 30th, there was short interest totalling 1,000,500 shares, a decrease of 19.7% from the December 15th total of 1,245,300 shares. Based on an average daily volume of 4,400 shares, the short-interest ratio is currently 227.4 days.
NFI Group Price Performance
NFI Group stock opened at $8.15 on Friday. NFI Group has a one year low of $6.20 and a one year high of $15.84. The company’s fifty day moving average price is $7.28 and its two-hundred day moving average price is $8.75.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently weighed in on NFYEF shares. National Bank Financial dropped their price target on shares of NFI Group from C$17.00 to C$13.00 in a research note on Tuesday, October 25th. CIBC downgraded shares of NFI Group from a “neutral” rating to an “underperform” rating in a research note on Tuesday, December 13th. TD Securities dropped their price target on shares of NFI Group from C$11.50 to C$10.50 in a research note on Thursday, November 17th. Finally, Scotiabank downgraded shares of NFI Group from an “outperform” rating to a “sector perform” rating in a research note on Monday, October 24th.
NFI Group Company Profile
NFI Group Inc, together with its subsidiaries, manufactures and sells buses in North America, the United Kingdom, Europe, the Asia Pacific, and internationally. It operates through two segments, Manufacturing Operations and Aftermarket Operations. The company offers heavy-duty transit buses under the New Flyer name; single and double-deck buses under the Alexander Dennis Limited brand name; motor coaches under Plaxton and MCI brand names; low-floor cutaway and medium-duty buses under the ARBOC brand; and aftermarket parts under the NFI Parts brand name, as well as articulated buses.
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