Allianz SE (OTCMKTS:ALIZY) Sees Significant Drop in Short Interest

Key Points

• Allianz SE experienced a 73.4% decrease in short interest in September, dropping from 275,300 shares at the end of August to 73,300 shares.
• Analysts have issued mixed ratings for Allianz, with Barclays downgrading the stock to a "strong sell" and a consensus rating of "Reduce."
• The company's earnings results showed a strong performance, with $0.84 earnings per share, exceeding estimates, and revenues of $30.17 billion for the quarter.

Allianz SE (OTCMKTS:ALIZY - Get Free Report) was the target of a significant decrease in short interest during the month of September. As of September 15th, there was short interest totaling 73,300 shares, a decrease of 73.4% from the August 31st total of 275,300 shares. Based on an average daily volume of 272,500 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily volume of 272,500 shares, the days-to-cover ratio is presently 0.3 days.

Wall Street Analysts Forecast Growth

ALIZY has been the topic of several analyst reports. Barclays downgraded shares of Allianz from a "hold" rating to a "strong sell" rating in a report on Thursday, June 12th. Keefe, Bruyette & Woods lowered shares of Allianz from a "moderate buy" rating to a "hold" rating in a research report on Monday, June 9th. Four analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Allianz has a consensus rating of "Reduce".

Allianz Stock Up 0.6%

Shares of OTCMKTS ALIZY opened at $41.97 on Wednesday. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.36 and a quick ratio of 1.36. The firm's 50-day moving average is $41.58 and its two-hundred day moving average is $40.22. Allianz has a 12-month low of $29.74 and a 12-month high of $44.25. The company has a market capitalization of $162.07 billion, a PE ratio of 14.78, a price-to-earnings-growth ratio of 1.24 and a beta of 0.93.

Allianz (OTCMKTS:ALIZY - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.04. Allianz had a return on equity of 16.58% and a net margin of 5.47%.The company had revenue of $30.17 billion during the quarter, compared to the consensus estimate of $22.53 billion. Equities analysts anticipate that Allianz will post 2.63 EPS for the current fiscal year.

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.

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