Short Interest in Fiera Capital Co. (OTCMKTS:FRRPF) Expands By 39.0%

Fiera Capital Co. (OTCMKTS:FRRPF – Get Rating) was the target of a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 732,200 shares, a growth of 39.0% from the February 13th total of 526,600 shares. Based on an average daily volume of 8,600 shares, the days-to-cover ratio is currently 85.1 days.

Fiera Capital Stock Performance

Shares of FRRPF stock opened at $5.93 on Tuesday. The stock’s fifty day moving average is $6.65 and its two-hundred day moving average is $6.86. Fiera Capital has a fifty-two week low of $5.93 and a fifty-two week high of $8.41.

Analysts Set New Price Targets

A number of brokerages have recently commented on FRRPF. BMO Capital Markets dropped their price objective on shares of Fiera Capital from C$10.00 to C$9.50 in a research note on Monday, February 27th. Royal Bank of Canada dropped their price target on shares of Fiera Capital from C$10.00 to C$9.50 in a research note on Monday, February 27th. TD Securities dropped their price target on shares of Fiera Capital from C$10.00 to C$9.00 in a research note on Monday, February 27th. CIBC dropped their price target on shares of Fiera Capital from C$9.50 to C$9.00 in a research note on Monday, February 27th. Finally, Desjardins lifted their price target on shares of Fiera Capital from C$9.50 to C$10.00 in a research note on Wednesday, February 1st.

About Fiera Capital

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Fiera Capital Corp. engages in the provision of traditional and alternative investment solutions, including depth and expertise in asset allocation. It offers investment advisory and related services to institutional and retail investors, and private wealth clients. The firm operates through the following geographical segments: Canada, United States of America, Europe, and Other.