Short Interest in Allianz SE (OTCMKTS:ALIZY) Drops By 38.6%

Allianz SE (OTCMKTS:ALIZY) was the target of a large decrease in short interest in August. As of August 14th, there was short interest totaling 63,092 shares, a decrease of 38.6% from the July 30th total of 102,792 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average trading volume of 256,835 shares, the days-to-cover ratio is currently 0.2 days.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on ALIZY shares. Citigroup reiterated a “neutral” rating on shares of Allianz in a research report on Friday, May 15th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Allianz in a research report on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Allianz Stock Performance

ALIZY stock opened at $52.08 on Tuesday. The stock has a market cap of $198.12 billion, a P/E ratio of 14.67, a P/E/G ratio of 1.70 and a beta of 0.63. The firm has a 50 day simple moving average of $49.23 and a 200 day simple moving average of $45.63. Allianz has a 52 week low of $39.44 and a 52 week high of $52.70.

Allianz (OTCMKTS:ALIZY) last announced its quarterly earnings data on Friday, August 7th. The company reported $0.75 EPS for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.16). The company had revenue of $23.01 billion for the quarter, compared to analysts’ expectations of $46.70 billion. Allianz had a net margin of 6.31% and a return on equity of 18.61%. Sell-side analysts predict that Allianz will post 3.57 EPS for the current year.

Allianz Company Profile

Allianz SE is a multinational financial services company headquartered in Munich, Germany, with a history dating back to 1890. The company is primarily known as a major global insurer and asset manager, offering a wide range of insurance and risk management products for individuals, businesses and institutional clients. Allianz’s operations encompass property and casualty insurance, life and health insurance, retirement solutions and specialty risk coverage for commercial and corporate customers.

In addition to underwriting insurance, Allianz operates substantial asset management businesses that manage investments on behalf of its insurance operations and external clients.