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

Allianz SE (OTCMKTS:ALIZY - Get Free Report) was the recipient of a large drop in short interest in the month of October. As of October 31st, there was short interest totalling 48,200 shares, a drop of 10.6% from the October 15th total of 53,900 shares. Based on an average trading volume of 165,800 shares, the days-to-cover ratio is presently 0.3 days.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group raised Allianz to a "strong-buy" rating in a research report on Wednesday, September 18th.

Allianz Stock Up 1.5 %

Shares of OTCMKTS ALIZY traded up $0.46 during trading hours on Friday, hitting $30.30. The company had a trading volume of 192,752 shares, compared to its average volume of 100,733. The stock has a market capitalization of $118.69 billion, a P/E ratio of 11.14, a price-to-earnings-growth ratio of 1.25 and a beta of 1.12. Allianz has a 1-year low of $24.43 and a 1-year high of $33.19. The firm's 50 day moving average is $31.86 and its 200-day moving average is $29.78.

Allianz Company Profile

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.