Short Interest in Allianz SE (OTCMKTS:ALIZY) Grows By 99.3%

Key Points

• Allianz’s short interest nearly doubled to 102,792 shares as of July 31, up 99.3% from mid-July. Despite the increase, short interest represents 0.0% of shares, with a days-to-cover ratio of just 0.2.
• Analyst sentiment remains favorable, with Allianz holding a consensus rating of “Moderate Buy”; ratings include one Strong Buy, two Buys and two Holds.
• Allianz reported quarterly EPS of $0.75, missing the $0.91 consensus estimate, while revenue reached $23.01 billion versus the $46.70 billion forecast. The stock opened at $51.10, near its 52-week high of $51.24.

Allianz SE (OTCMKTS:ALIZY - Get Free Report) was the target of a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 102,792 shares, an increase of 99.3% from the July 15th total of 51,573 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 426,915 shares, the days-to-cover ratio is currently 0.2 days.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Royal Bank Of Canada restated a "sector perform" rating on shares of Allianz in a research report on Monday, August 10th. Citigroup reaffirmed a "neutral" rating on shares of Allianz in a report on Friday, May 15th. Finally, The Goldman Sachs Group raised shares of Allianz from a "hold" rating to a "buy" rating in a report on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Allianz has a consensus rating of "Moderate Buy".

Allianz Stock Performance

ALIZY stock opened at $51.10 on Friday. Allianz has a one year low of $39.44 and a one year high of $51.24. The company's fifty day moving average price is $47.77 and its 200-day moving average price is $45.10. The company has a market capitalization of $194.39 billion, a PE ratio of 14.39, a price-to-earnings-growth ratio of 1.66 and a beta of 0.63.

Allianz (OTCMKTS:ALIZY - Get Free Report) last issued its earnings results on Friday, August 7th. The company reported $0.75 earnings per share for the quarter, missing analysts' consensus estimates of $0.91 by ($0.16). The company had revenue of $23.01 billion for the quarter, compared to the consensus estimate of $46.70 billion. Allianz had a return on equity of 18.61% and a net margin of 6.31%. On average, research analysts predict that Allianz will post 3.57 EPS for the current fiscal year.

Allianz Company Profile

Allianz SE is a multinational financial services company headquartered in Munich, Germany, with a history dating back to 1890. The company is primarily known as a major global insurer and asset manager, offering a wide range of insurance and risk management products for individuals, businesses and institutional clients. Allianz's operations encompass property and casualty insurance, life and health insurance, retirement solutions and specialty risk coverage for commercial and corporate customers.

In addition to underwriting insurance, Allianz operates substantial asset management businesses that manage investments on behalf of its insurance operations and external clients.

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