Beazley plc (OTCMKTS:BZLYF) Short Interest Up 36.6% in April

Beazley plc (OTCMKTS:BZLYF) saw a significant growth in short interest in the month of April. As of April 15th, there was short interest totaling 11,090 shares, a growth of 36.6% from the March 31st total of 8,120 shares. Based on an average daily volume of 30,406 shares, the days-to-cover ratio is currently 0.4 days.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Jefferies Financial Group downgraded Beazley to a “hold” rating in a research report on Thursday, February 5th. Citigroup downgraded Beazley to a “neutral” rating in a report on Wednesday, January 21st. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Beazley in a report on Wednesday, January 7th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Beazley currently has a consensus rating of “Moderate Buy”.

Beazley Price Performance

OTCMKTS BZLYF remained flat at $16.69 during trading hours on Tuesday. The company’s stock had a trading volume of 320 shares, compared to its average volume of 9,102. The company’s 50-day simple moving average is $16.87 and its 200 day simple moving average is $13.96. Beazley has a 12 month low of $9.97 and a 12 month high of $17.96.

Beazley Company Profile

Beazley PLC is a specialist insurer and reinsurer headquartered in London, operating as a Lloyd’s syndicate manager (Syndicate 2623) and a publicly listed company on the London Stock Exchange. Established in 1986, Beazley has built a reputation for underwriting expertise across a range of specialty lines, offering tailored risk solutions to clients worldwide. The company’s shares trade in the United States on the OTC market under the ticker BZLYF.

The firm’s core business activities span five principal divisions: Property, Marine, Political Risk & Crisis Management, Reinsurance, and Specialty Lines.