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

Intact Financial Co. (OTCMKTS:IFCZF) was the recipient of a significant increase in short interest in the month of 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 daily volume of 27,700 shares, the days-to-cover ratio is presently 41.2 days.

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 Stock Performance

Shares of OTCMKTS:IFCZF opened at $196.15 on Monday. Intact Financial has a twelve month low of $158.72 and a twelve month high of $207.07. The business has a fifty day moving average of $189.18 and a 200-day moving average of $188.76.

About Intact Financial

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.