Allianz SE (OTCMKTS:ALIZY) Sees Large Increase in Short Interest

Allianz SE (OTCMKTS:ALIZY) was the recipient of a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 82,200 shares, an increase of 70.5% from the October 31st total of 48,200 shares. Based on an average daily volume of 232,400 shares, the days-to-cover ratio is presently 0.4 days.

Allianz Price Performance

ALIZY remained flat at $30.36 during midday trading on Friday. 72,666 shares of the company’s stock were exchanged, compared to its average volume of 118,603. The company’s 50 day moving average is $31.61 and its 200-day moving average is $29.88. The company has a market cap of $118.93 billion, a price-to-earnings ratio of 11.16, a price-to-earnings-growth ratio of 1.25 and a beta of 1.12. Allianz has a 1 year low of $25.01 and a 1 year high of $33.19.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group upgraded shares of Allianz to a “strong-buy” rating in a research note on Wednesday, September 18th.

About Allianz

Allianz SE, together with its subsidiaries, provides property-casualty insurance, life/health insurance, and asset management products and services worldwide. The company’s Property-Casualty segment offers various insurance products, including motor liability and own damage, accident, general liability, fire and property, legal expense, credit, and travel to private and corporate customers.