Fiera Capital Co. (OTCMKTS:FRRPF) Sees Significant Growth in Short Interest

Fiera Capital Co. (OTCMKTS:FRRPFGet Rating) was the target of a significant growth in short interest during 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 trading volume, of 100 shares, the short-interest ratio is presently 7,760.0 days.

FRRPF has been the subject of a number of recent research reports. National Bank Financial reduced their target price on shares of Fiera Capital from C$11.50 to C$11.00 in a research report on Thursday, April 21st. Desjardins reduced their target price on shares of Fiera Capital from C$12.50 to C$11.50 in a research report on Monday, May 2nd. Scotiabank reduced their target price on shares of Fiera Capital from C$11.50 to C$10.50 in a research report on Wednesday, April 20th. Finally, TD Securities upgraded shares of Fiera Capital from a “hold” rating to a “buy” rating in a research report on Monday, February 28th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Fiera Capital presently has an average rating of “Buy” and a consensus target price of $19.00.

Fiera Capital stock traded up $0.16 during midday trading on Friday, hitting $7.19. Fiera Capital has a 52 week low of $7.19 and a 52 week high of $9.59. The stock has a 50-day moving average price of $8.14 and a 200-day moving average price of $8.23.

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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