Short Interest in Allianz SE (OTCMKTS:ALIZY) Rises By 99.3%

Allianz SE (OTCMKTS:ALIZY) was the target of a significant growth in short interest in July. As of July 31st, there was short interest totaling 102,792 shares, a growth of 99.3% from the July 15th total of 51,573 shares. Based on an average daily volume of 426,915 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the shares of the stock are sold short.

Allianz Stock Performance

OTCMKTS:ALIZY opened at $50.63 on Tuesday. The firm has a market capitalization of $192.61 billion, a PE ratio of 14.26, a PEG ratio of 1.66 and a beta of 0.63. The stock’s fifty day moving average is $47.92 and its 200 day moving average is $45.15. Allianz has a fifty-two week low of $39.44 and a fifty-two week high of $51.24.

Allianz (OTCMKTS:ALIZY) last announced 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). The business 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%. Equities analysts forecast that Allianz will post 3.57 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Allianz in a research note on Monday, August 10th. The Goldman Sachs Group raised Allianz from a “hold” rating to a “buy” rating in a report on Tuesday, April 21st. Finally, Citigroup restated a “neutral” rating on shares of Allianz in a research note on Friday, May 15th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently 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.