Allianz SE (OTCMKTS:ALIZY) Short Interest Down 38.6% in August

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

Allianz Trading Up 0.3%

ALIZY stock opened at $52.22 on Wednesday. The stock has a market cap of $198.65 billion, a P/E ratio of 14.71, a PEG ratio of 1.69 and a beta of 0.63. Allianz has a twelve month low of $39.44 and a twelve month high of $52.70. The company’s 50 day moving average is $49.35 and its two-hundred day moving average is $45.69.

Allianz (OTCMKTS:ALIZY) last issued its earnings results on Friday, August 7th. The company reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.91 by ($0.16). Allianz had a net margin of 6.31% and a return on equity of 18.61%. The company had revenue of $23.01 billion during the quarter, compared to analyst estimates of $46.70 billion. On average, equities research analysts predict that Allianz will post 3.57 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on ALIZY shares. Citigroup reiterated a “neutral” rating on shares of Allianz in a research note on Friday, May 15th. Royal Bank Of Canada restated a “sector perform” rating on shares of Allianz in a research note on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy”.

About Allianz

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.