AGF Management Limited (OTCMKTS:AGFMF) Short Interest Update

AGF Management Limited (OTCMKTS:AGFMF) was the recipient of a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 270,131 shares, a drop of 38.1% from the May 31st total of 436,128 shares. Based on an average daily trading volume, of 766 shares, the short-interest ratio is currently 352.7 days.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on AGFMF. Scotiabank reaffirmed a “sector perform” rating on shares of AGF Management in a research note on Monday, April 13th. BMO Capital Markets reissued a “market perform” rating on shares of AGF Management in a research report on Monday, June 22nd. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of AGF Management in a report on Thursday, June 25th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

AGF Management Stock Up 0.3%

Shares of OTCMKTS AGFMF opened at $14.11 on Friday. AGF Management has a 12-month low of $8.53 and a 12-month high of $15.15. The stock’s fifty day simple moving average is $12.76 and its two-hundred day simple moving average is $13.08.

AGF Management Company Profile

AGF Management Limited is a Canadian-based investment management firm that offers a broad suite of products and services to retail, institutional and private wealth clients. The company’s core offerings include mutual funds, exchange-traded funds (ETFs), managed solutions and separately managed accounts. AGF’s investment platforms span equity, fixed-income, multi-asset and alternative strategies, allowing clients to access active management and customized portfolio solutions.

Founded in 1957 and headquartered in Toronto, AGF Management operates additional offices in Montreal and other locations across Canada.