Allianz SE (OTCMKTS:ALIZY) Sees Significant Growth in Short Interest

Allianz SE (OTCMKTS:ALIZY) was the target of a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 1,022,882 shares, a growth of 896.8% from the May 14th total of 102,618 shares. Based on an average trading volume of 663,790 shares, the short-interest ratio is currently 1.5 days. Approximately 0.0% of the shares of the company are sold short.

Allianz Price Performance

Shares of OTCMKTS ALIZY opened at $43.90 on Thursday. The firm has a fifty day moving average price of $44.37 and a 200-day moving average price of $43.88. The stock has a market cap of $167.00 billion, a PE ratio of 12.19, a price-to-earnings-growth ratio of 1.41 and a beta of 0.64. Allianz has a 1 year low of $38.44 and a 1 year high of $46.58.

Allianz (OTCMKTS:ALIZY) last announced its quarterly earnings data on Wednesday, May 13th. The company reported $1.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.13 by $0.02. Allianz had a net margin of 6.48% and a return on equity of 19.92%. On average, research analysts expect that Allianz will post 3.6 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ALIZY. Royal Bank Of Canada began coverage on shares of Allianz in a research report on Tuesday, February 17th. They issued a “hold” rating on the stock. The Goldman Sachs Group upgraded shares of Allianz from a “hold” rating to a “buy” rating in a research report on Tuesday, April 21st. Finally, Citigroup reiterated a “neutral” rating on shares of Allianz in a research report on Friday, May 15th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

About Allianz

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.