AGF Management Limited (OTCMKTS:AGFMF) Short Interest Update

AGF Management Limited (OTCMKTS:AGFMF) saw a large decline in short interest in the month of June. As of June 30th, there was short interest totaling 140,578 shares, a decline of 48.0% from the June 15th total of 270,131 shares. Based on an average daily trading volume, of 112,199 shares, the days-to-cover ratio is currently 1.3 days.

AGF Management Stock Performance

Shares of OTCMKTS:AGFMF opened at $16.48 on Friday. The company’s 50 day moving average price is $13.49 and its two-hundred day moving average price is $13.33. AGF Management has a 12-month low of $8.53 and a 12-month high of $16.48.

Analysts Set New Price Targets

A number of equities research analysts recently commented on AGFMF shares. Scotiabank reaffirmed a “sector perform” rating on shares of AGF Management in a research note on Monday, April 13th. Royal Bank Of Canada reiterated an “outperform” rating on shares of AGF Management in a report on Thursday, June 25th. Finally, BMO Capital Markets reissued a “market perform” rating on shares of AGF Management in a research report on Monday, June 22nd. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy”.

About AGF Management

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.