Fiera Capital Co. (OTCMKTS:FRRPF) Short Interest Up 107.0% in April

Fiera Capital Co. (OTCMKTS:FRRPFGet Rating) saw a large growth in short interest in the month of April. As of April 30th, there was short interest totalling 776,000 shares, a growth of 107.0% from the April 15th total of 374,800 shares. Based on an average daily volume of 100 shares, the short-interest ratio is presently 7,760.0 days.

Several brokerages have weighed in on FRRPF. TD Securities raised Fiera Capital from a “hold” rating to a “buy” rating in a research report on Monday, February 28th. Scotiabank cut their price target on Fiera Capital from C$11.50 to C$10.50 in a research report on Wednesday, April 20th. Desjardins dropped their target price on Fiera Capital from C$12.50 to C$11.50 in a research report on Monday, May 2nd. Finally, National Bank Financial dropped their target price on Fiera Capital from C$11.50 to C$11.00 in a research report on Thursday, April 21st. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $19.00.

OTCMKTS FRRPF traded up $0.16 during mid-day trading on Friday, hitting $7.19. The business has a 50-day moving average of $8.14 and a 200-day moving average of $8.22. Fiera Capital has a 12 month low of $7.19 and a 12 month high of $9.59.

About Fiera Capital (Get Rating)

Fiera Capital Corporation is an employee owned investment manager. The firm primarily provides its services to institutional investors, mutual funds, charitable organizations, and private clients. It manages separate client-focused equity, fixed income, and balanced portfolios. The firm also launches and manages equity, fixed income, and balanced mutual funds and income trusts for its clients.

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