AIA (OTCMKTS:AAGIY) Sees Large Decline in Short Interest

AIA (OTCMKTS:AAGIY) was the target of a large decline in short interest in the month of September. As of September 15th, there was short interest totaling 72,943 shares, a decline of 69.9% from the August 31st total of 242,121 shares. Based on an average trading volume of 622,546 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

Separately, Zacks Research lowered shares of AIA from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 26th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, AIA presently has a consensus rating of “Hold”.

AIA Stock Up 1.3%

Shares of OTCMKTS AAGIY traded up $0.48 during mid-day trading on Monday, reaching $37.87. 165,499 shares of the company were exchanged, compared to its average volume of 399,152. AIA has a 52 week low of $35.53 and a 52 week high of $46.84. The company’s 50 day moving average price is $38.65 and its 200 day moving average price is $40.48. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.08 and a current ratio of 0.08.

About AIA

AIA Group Limited is a Hong Kong-based insurance and financial services group serving individuals, families and businesses across the Asia-Pacific region. The company primarily provides life insurance, health insurance, savings and retirement products, as well as employee benefits and related financial protection solutions.

AIA distributes its products through agency networks, bancassurance partnerships, brokers and digital channels. Its offerings are designed to address protection, long-term savings, wealth management and health-care needs for customers at different stages of life.

The company traces its origins to 1919, when its predecessor was established in Shanghai.