AGF Management Limited (OTCMKTS:AGFMF) Stock Short Interest Jumps 67.5%

AGF Management Limited (OTCMKTS:AGFMF) was the target of a large increase in short interest in September. As of September 30th, there was short interest totaling 937,058 shares, an increase of 67.5% from the September 15th total of 559,418 shares. Based on an average daily volume of 38,317 shares, the short-interest ratio is currently 24.5 days.

Analyst Upgrades and Downgrades

AGFMF has been the subject of several research reports. Royal Bank Of Canada downgraded AGF Management from an “outperform” rating to a “sector perform” rating and set a $23.00 price objective for the company. in a research report on Tuesday, September 8th. BMO Capital Markets reissued a “market perform” rating on shares of AGF Management in a research report on Monday, June 22nd. Finally, TD Securities reissued a “buy” rating on shares of AGF Management in a research report on Tuesday, September 15th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, AGF Management has a consensus rating of “Hold” and an average target price of $23.00.

AGF Management Stock Down 0.4%

AGF Management stock opened at $10.64 on Friday. AGF Management has a 12-month low of $9.51 and a 12-month high of $17.03. The firm’s 50-day moving average is $13.75 and its two-hundred day moving average is $13.78.

AGF Management Company Profile

AGF Management Ltd. is a Canadian investment management company that provides investment solutions to individual investors, financial advisors, institutions and other clients. Through its operating businesses, including AGF Investments Inc, the company manages and administers a range of investment products and portfolios.

AGF’s offerings include mutual funds, exchange-traded funds, separately managed accounts and institutional investment strategies. Its capabilities span equities, fixed income, multi-asset investing and alternative investments, with strategies designed for both Canadian and international markets.

Founded in 1957, AGF serves clients in Canada and select international markets through investment management, distribution and advisory operations.