Ageas SA (OTCMKTS:AGESY) Stock Short Interest Drops 51.4%

Ageas SA (OTCMKTS:AGESY) saw a significant decrease in short interest in October. As of October 30th, there was short interest totaling 6,282 shares, a decrease of 51.4% from the October 15th total of 12,932 shares. Based on an average trading volume of 12,133 shares, the short-interest ratio is presently 0.5 days. Currently, 0.0% of the company’s stock are sold short.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of Ageas from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 2nd. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Ageas presently has an average rating of “Hold”.

Ageas Stock Up 0.6%

Shares of AGESY stock traded up $0.52 on Friday, hitting $88.10. 2,676 shares of the stock were exchanged, compared to its average volume of 5,805. The business has a 50-day moving average of $85.07 and a 200 day moving average of $79.85. Ageas has a fifty-two week low of $65.73 and a fifty-two week high of $89.30.

Ageas Company Profile

Ageas is an international insurance group headquartered in Belgium. It provides life and non-life insurance, including products and services for individuals and businesses such as life protection, savings, property and casualty coverage, and employee benefits. The company serves customers across Europe and Asia through its own businesses and partnerships with local financial institutions. Its markets include Belgium and Portugal, as well as several Asian countries. Ageas took its current form in 2010 following the restructuring of Fortis, though its Belgian insurance roots date to 1824.