AGF Management Limited (OTCMKTS:AGFMF) Sees Large Increase in Short Interest

AGF Management Limited (OTCMKTS:AGFMF) was the target of a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 346,374 shares, a growth of 67.1% from the July 15th total of 207,316 shares. Based on an average daily volume of 32,225 shares, the short-interest ratio is currently 10.7 days.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of AGF Management in a research report on Thursday, June 25th. BMO Capital Markets reissued a “market perform” rating on shares of AGF Management in a research report on Monday, June 22nd. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, AGF Management presently has an average rating of “Moderate Buy”.

AGF Management Trading Down 1.5%

AGFMF opened at $16.45 on Wednesday. AGF Management has a fifty-two week low of $8.53 and a fifty-two week high of $17.03. The firm’s fifty day moving average price is $15.32 and its two-hundred day moving average price is $14.02.

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.