Trisura Group Ltd. (OTCMKTS:TRRSF) Short Interest Up 28.5% in April

Trisura Group Ltd. (OTCMKTS:TRRSFGet Rating) was the target of a large increase in short interest during the month of April. As of April 30th, there was short interest totalling 354,600 shares, an increase of 28.5% from the April 15th total of 275,900 shares. Based on an average daily volume of 1,000 shares, the days-to-cover ratio is presently 354.6 days.

Several analysts have weighed in on TRRSF shares. Raymond James boosted their price target on Trisura Group from C$51.00 to C$55.00 in a research note on Monday, February 14th. BMO Capital Markets boosted their price objective on Trisura Group from C$49.00 to C$50.00 in a report on Friday, May 6th. Scotiabank decreased their price objective on Trisura Group from C$51.00 to C$49.00 in a report on Monday, May 9th. National Bank Financial decreased their price objective on Trisura Group from C$65.00 to C$58.00 in a report on Thursday, April 28th. Finally, TD Securities decreased their price objective on Trisura Group from C$61.00 to C$55.00 in a report on Tuesday, April 26th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $55.00.

OTCMKTS TRRSF traded down $0.20 during trading hours on Tuesday, reaching $26.22. The company’s stock had a trading volume of 1,070 shares, compared to its average volume of 3,079. Trisura Group has a 1-year low of $22.77 and a 1-year high of $39.34. The company’s 50-day moving average is $25.70 and its two-hundred day moving average is $31.02.

About Trisura Group (Get Rating)

Trisura Group Ltd., a specialty insurance company, operates in the surety, risk solutions, corporate insurance, and reinsurance businesses in Canada, the United States, and internationally. The company offers contract surety bonds, such as performance, and labor and material payment bonds primarily for the construction industry; commercial surety bonds, including license and permit, tax and excise, and fiduciary bonds to governments, regulatory bodies, or courts to guarantee compliance with legal or fiduciary obligations; and developer surety bonds comprising bonds to secure real estate developers' legislated deposit and warranty obligations on residential projects.

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