Axa Sa (OTCMKTS:AXAHY) Sees Significant Drop in Short Interest

Key Points

• Axa SA experienced a significant decline in short interest, with a drop of 29.3% in July, bringing the total to 21,000 shares.
• Barclays reaffirmed an "overweight" rating on AXA, with a consensus rating of "Buy" from analysts.
• AXA's shares opened at $50.00, with a one-year high of $50.95 and a low of $33.6558.

Axa Sa (OTCMKTS:AXAHY - Get Free Report) was the target of a significant drop in short interest in July. As of July 31st, there was short interest totaling 21,000 shares, adropof29.3% from the July 15th total of 29,700 shares. Based on an average daily trading volume, of 207,100 shares, the days-to-cover ratio is currently 0.1 days. Currently,0.0% of the shares of the stock are short sold. Currently,0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 207,100 shares, the days-to-cover ratio is currently 0.1 days.

Analyst Upgrades and Downgrades

Separately, Barclays reaffirmed an "overweight" rating on shares of AXA in a research note on Wednesday, June 11th. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy".

AXA Stock Down 4.3%

Shares of OTCMKTS:AXAHY traded down $2.1470 during mid-day trading on Monday, hitting $47.7450. The stock had a trading volume of 36,788 shares, compared to its average volume of 146,489. The company's 50 day moving average is $48.78 and its 200-day moving average is $45.55. AXA has a 12-month low of $33.6558 and a 12-month high of $50.95.

AXA Company Profile

AXA SA, through its subsidiaries, provides insurance, asset management, and banking services worldwide. The company operates through six segments: France; Europe; AXA XL; Asia, Africa & EME-LATAM; AXA Investment Managers; and Transversal & Other segments It offers life and savings insurance products, such as savings and retirement, other health, and personal protection products.