Ageas SA (OTCMKTS:AGESY) Stock Short Interest Drops 51.4%

Ageas SA (OTCMKTS:AGESY) was the target of a significant decrease in short interest during the month of October. As of October 30th, there was short interest totaling 6,282 shares, a decrease of 51.4% from the October 15th total of 12,932 shares. Based on an average daily volume of 12,133 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.0% of the company’s stock are short sold.

Ageas Price Performance

Shares of OTCMKTS:AGESY traded up $0.52 during midday trading on Friday, reaching $88.10. The company had a trading volume of 2,676 shares, compared to its average volume of 5,805. The business’s 50 day moving average price is $85.07 and its 200 day moving average price is $79.85. Ageas has a 1-year low of $65.73 and a 1-year high of $89.30.

Wall Street Analyst Weigh In

Separately, Zacks Research raised shares of Ageas from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 2nd. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Ageas Company Profile

Ageas is an international insurance group headquartered in Belgium. It provides life and non-life insurance, including products and services for individuals and businesses such as life protection, savings, property and casualty coverage, and employee benefits. The company serves customers across Europe and Asia through its own businesses and partnerships with local financial institutions. Its markets include Belgium and Portugal, as well as several Asian countries. Ageas took its current form in 2010 following the restructuring of Fortis, though its Belgian insurance roots date to 1824.