ageas SA/NV (OTCMKTS:AGESY) Sees Large Drop in Short Interest

ageas SA/NV (OTCMKTS:AGESY) was the recipient of a significant drop in short interest in the month of January. As of January 31st, there was short interest totalling 1,700 shares, a drop of 73.4% from the January 15th total of 6,400 shares. Based on an average daily volume of 8,500 shares, the short-interest ratio is presently 0.2 days.

ageas SA/NV Stock Performance

OTCMKTS:AGESY opened at $52.86 on Friday. The firm has a 50-day moving average price of $49.98 and a two-hundred day moving average price of $50.62. ageas SA/NV has a twelve month low of $40.86 and a twelve month high of $54.07.

ageas SA/NV Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, December 13th. Shareholders of record on Thursday, December 5th were issued a dividend of $1.1088 per share. The ex-dividend date was Thursday, December 5th.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods cut shares of ageas SA/NV from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, November 13th.

About ageas SA/NV

ageas SA/NV, together with its subsidiaries, engages in insurance business. It operates in five segments: Belgium, Europe, Asia, Reinsurance, and General Account. The company offers property, casualty, and life insurance products, as well as pension products; and reinsurance products. It provides life insurance products include risks related to the life and death of individuals; and non-life insurance products comprise accident and health, motor, fire, and other property insurance products, as well as insurance services for other damages to property.