AIA (OTCMKTS:AAGIY) Sees Significant Growth in Short Interest

AIA (OTCMKTS:AAGIY) was the recipient of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 242,121 shares, an increase of 226.0% from the August 15th total of 74,267 shares. Based on an average trading volume of 910,216 shares, the short-interest ratio is currently 0.3 days. Currently, 0.0% of the company’s shares are sold short.

Analysts Set New Price Targets

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

AIA Trading Up 0.7%

Shares of AAGIY opened at $38.29 on Friday. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.33. AIA has a twelve month low of $35.53 and a twelve month high of $46.84. The firm’s 50 day moving average price is $38.45 and its two-hundred day moving average price is $40.80.

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.