Axa Sa (OTCMKTS:AXAHY) Sees Large 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 recipient of a significant drop in short interest in the month of 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 volume of 207,100 shares, the days-to-cover ratio is currently 0.1 days. Approximately0.0% of the shares of the company are short sold. Approximately0.0% of the shares of the company are short sold. Based on an average daily volume of 207,100 shares, the days-to-cover ratio is currently 0.1 days.

Wall Street Analyst Weigh In

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

AXA Stock Up 0.3%

Shares of OTCMKTS AXAHY opened at $50.00 on Wednesday. The stock has a fifty day moving average price of $48.66 and a 200 day moving average price of $45.25. AXA has a 1-year low of $33.6558 and a 1-year 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.

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