AGF Management Limited (OTCMKTS:AGFMF) Short Interest Up 67.1% in July

AGF Management Limited (OTCMKTS:AGFMF) was the recipient of a large increase in short interest in July. As of July 31st, there was short interest totaling 346,374 shares, an increase of 67.1% from the July 15th total of 207,316 shares. Based on an average daily trading volume, of 32,225 shares, the days-to-cover ratio is currently 10.7 days.

AGF Management Price Performance

AGFMF stock opened at $16.70 on Tuesday. AGF Management has a one year low of $8.53 and a one year high of $17.03. The company’s 50 day moving average price is $15.25 and its two-hundred day moving average price is $14.00.

Analysts Set New Price Targets

AGFMF has been the subject of several research reports. BMO Capital Markets reiterated a “market perform” rating on shares of AGF Management in a research report on Monday, June 22nd. Royal Bank Of Canada reiterated an “outperform” rating on shares of AGF Management in a report on Thursday, June 25th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

AGF Management Company Profile

AGF Management Limited is a Canadian-based investment management firm that offers a broad suite of products and services to retail, institutional and private wealth clients. The company’s core offerings include mutual funds, exchange-traded funds (ETFs), managed solutions and separately managed accounts. AGF’s investment platforms span equity, fixed-income, multi-asset and alternative strategies, allowing clients to access active management and customized portfolio solutions.

Founded in 1957 and headquartered in Toronto, AGF Management operates additional offices in Montreal and other locations across Canada.