Intact Financial Co. (OTCMKTS:IFCZF) Sees Significant Decrease in Short Interest

Intact Financial Co. (OTCMKTS:IFCZF) was the target of a large drop in short interest in March. As of March 31st, there was short interest totalling 861,400 shares, a drop of 33.2% from the March 15th total of 1,290,200 shares. Based on an average daily volume of 1,500 shares, the short-interest ratio is currently 574.3 days.

Intact Financial Stock Performance

Shares of OTCMKTS IFCZF opened at $211.88 on Friday. Intact Financial has a fifty-two week low of $159.44 and a fifty-two week high of $211.88. The firm’s 50-day simple moving average is $199.55 and its 200 day simple moving average is $191.26.

Wall Street Analyst Weigh In

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

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.