Axa Sa (OTCMKTS:AXAHY) Sees Large Decrease in Short Interest

Key Points

• Short interest in AXA SA fell by 71.6% in August, dropping from 51,000 shares to 14,500 shares as of August 31st.
• AXA's stock price increased by 1.3% and is trading at $47.38, with a consensus rating of "Buy" from analysts.
• Barclays reissued an "overweight" rating for AXA, highlighting the company's positive outlook in the market.

Axa Sa (OTCMKTS:AXAHY - Get Free Report) was the recipient of a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 14,500 shares, a decrease of 71.6% from the August 15th total of 51,000 shares. Based on an average daily volume of 224,200 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company's stock are sold short. Currently, 0.0% of the company's stock are sold short. Based on an average daily volume of 224,200 shares, the short-interest ratio is presently 0.1 days.

AXA Trading Down 0.9%

Shares of OTCMKTS AXAHY traded down $0.43 during midday trading on Wednesday, reaching $46.92. The company had a trading volume of 30,630 shares, compared to its average volume of 139,335. The business's 50-day simple moving average is $48.15 and its 200 day simple moving average is $46.40. AXA has a 1 year low of $33.66 and a 1 year high of $50.95.

Wall Street Analyst Weigh In

Separately, Barclays restated an "overweight" rating on shares of AXA in a report on Wednesday, June 11th. One 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 stock currently has an average rating of "Buy".

About AXA

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.