Short Interest in Intact Financial Co. (OTCMKTS:IFCZF) Grows By 59.9%

Intact Financial Co. (OTCMKTS:IFCZF) saw a large increase in short interest in February. As of February 28th, there was short interest totalling 1,142,000 shares, an increase of 59.9% from the February 13th total of 714,300 shares. Based on an average trading volume of 27,700 shares, the days-to-cover ratio is currently 41.2 days.

Wall Street Analysts Forecast Growth

Separately, National Bankshares reiterated an “outperform” rating on shares of Intact Financial in a research report on Monday, February 3rd.

Intact Financial Price Performance

Shares of IFCZF traded up $1.43 during mid-day trading on Friday, hitting $196.15. The stock had a trading volume of 49 shares, compared to its average volume of 15,550. The company’s fifty day simple moving average is $189.18 and its two-hundred day simple moving average is $188.72. Intact Financial has a fifty-two week low of $158.72 and a fifty-two week high of $207.07.

Intact Financial Company Profile

Intact Financial Corporation, through its subsidiaries, provides property and casualty insurance products to individuals and businesses in Canada, the United States, the United Kingdom, and internationally. The company offers insurance, such as personal auto which provides coverage from accidents, third party liability, and physical damage; personal property which provides protection for homes and contents from risks, including fire, theft, vandalism, water damages, other damages, and personal liability; and commercial line and specialty line insurance which provides commercial auto, property, and liability coverages.