AIA (OTCMKTS:AAGIY) Sees Significant Decrease in Short Interest

AIA (OTCMKTS:AAGIY) saw a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 72,943 shares, a decrease of 69.9% from the August 31st total of 242,121 shares. Based on an average daily volume of 622,546 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are short sold.

AIA Stock Down 3.2%

AAGIY opened at $37.39 on Friday. AIA has a fifty-two week low of $35.53 and a fifty-two week high of $46.84. The company’s 50-day moving average is $38.65 and its 200 day moving average is $40.49. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.08 and a quick ratio of 0.08.

Analyst Ratings Changes

Separately, Zacks Research downgraded shares of AIA from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 26th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold”.

About AIA

AIA Group Limited is a Hong Kong-based insurance and financial services group serving individuals, families and businesses across the Asia-Pacific region. The company primarily provides life insurance, health insurance, savings and retirement products, as well as employee benefits and related financial protection solutions.

AIA distributes its products through agency networks, bancassurance partnerships, brokers and digital channels. Its offerings are designed to address protection, long-term savings, wealth management and health-care needs for customers at different stages of life.

The company traces its origins to 1919, when its predecessor was established in Shanghai.