Exchange Income Co. (OTCMKTS:EIFZF) Shares Shorted: Short Interest Up 62.8% in October

Exchange Income Co. (OTCMKTS:EIFZF) saw a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 388,186 shares, an increase of 62.8% from the September 30th total of 238,392 shares. Based on an average trading volume of 9,709 shares, the short-interest ratio is currently 40.0 days.

Wall Street Analysts Forecast Growth

EIFZF has been the subject of a number of recent research reports. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Exchange Income in a research note on Thursday, August 13th. Scotiabank restated an “outperform” rating on shares of Exchange Income in a report on Thursday, August 13th. Finally, Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Exchange Income in a research report on Thursday, August 13th. Four investment analysts have rated the stock with a Buy rating. According to data from MarketBeat, the stock presently has an average rating of “Buy”.

Exchange Income Price Performance

Shares of Exchange Income stock opened at $82.24 on Tuesday. Exchange Income has a 1 year low of $52.90 and a 1 year high of $95.53. The company’s fifty day moving average is $84.54 and its two-hundred day moving average is $81.89.

About Exchange Income

Exchange Income Corporation is a diversified Canadian company headquartered in Winnipeg, Manitoba. It acquires and operates businesses that provide essential services and products, with a focus on aviation and aerospace, manufacturing, and related infrastructure and equipment services.

Through its aviation and aerospace operations, the company provides regional passenger transportation, air cargo, charter flights, medevac and other specialized aviation services. Its businesses serve remote and northern communities, government and corporate customers, and other organizations that require reliable air transportation and aviation support.

Exchange Income also owns manufacturing businesses that produce specialized products and equipment for industrial, infrastructure, transportation and other commercial markets.