Allianz SE (OTCMKTS:ALIZY) Sees Significant Growth in Short Interest

Allianz SE (OTCMKTS:ALIZY) was the recipient of a significant increase in short interest in May. As of May 29th, there was short interest totaling 1,022,882 shares, an increase of 896.8% from the May 14th total of 102,618 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 663,790 shares, the days-to-cover ratio is currently 1.5 days.

Allianz Price Performance

Shares of ALIZY stock opened at $44.72 on Friday. The business’s 50 day simple moving average is $44.43 and its 200 day simple moving average is $43.90. Allianz has a one year low of $38.44 and a one year high of $46.58. The stock has a market capitalization of $170.12 billion, a PE ratio of 12.42, a PEG ratio of 1.41 and a beta of 0.64.

Allianz (OTCMKTS:ALIZY) last announced its earnings results on Wednesday, May 13th. The company reported $1.15 EPS for the quarter, beating the consensus estimate of $1.13 by $0.02. Allianz had a return on equity of 19.92% and a net margin of 6.48%. As a group, research analysts expect that Allianz will post 3.6 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. The Goldman Sachs Group raised Allianz from a “hold” rating to a “buy” rating in a research note on Tuesday, April 21st. Royal Bank Of Canada assumed coverage on Allianz in a research note on Tuesday, February 17th. They issued a “hold” rating for the company. Finally, Citigroup reaffirmed a “neutral” rating on shares of Allianz in a research note on Friday, May 15th. One equities research 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. According to data from MarketBeat.com, the stock currently 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.