Axa Sa (OTCMKTS:AXAHY) Sees Significant Decrease in Short Interest

Axa Sa (OTCMKTS:AXAHY) was the recipient of a significant drop in short interest in August. As of August 31st, there was short interest totaling 39,736 shares, a drop of 82.9% from the August 15th total of 231,830 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 104,409 shares, the days-to-cover ratio is presently 0.4 days.

AXA Price Performance

Shares of AXAHY stock opened at $50.12 on Friday. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.32. AXA has a fifty-two week low of $43.04 and a fifty-two week high of $52.56. The business’s 50 day moving average price is $51.13 and its 200-day moving average price is $48.40.

Analyst Ratings Changes

AXAHY has been the subject of a number of recent research reports. DZ Bank lowered shares of AXA from a “strong-buy” rating to a “hold” rating in a report on Friday, July 31st. Citigroup reaffirmed a “buy” rating on shares of AXA in a report on Thursday, August 27th. Morgan Stanley reiterated an “overweight” rating on shares of AXA in a research report on Tuesday, August 4th. Finally, Erste Group Bank downgraded shares of AXA from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 8th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

AXA Company Profile

AXA SA is a France-based multinational insurance group that provides protection, savings and investment solutions to individuals, businesses and institutional clients. Its offerings include property and casualty insurance, life insurance, health coverage, retirement products and assistance services.

The company operates through a broad international network serving customers across Europe, North America, Asia-Pacific, Africa and other markets. AXA also provides insurance-related risk management and asset-management services, although its business portfolio can change as the group adjusts its operations and ownership interests.

AXA traces its modern corporate history to the formation of Mutuelles Unies in 1985, which adopted the AXA name later that decade.