Aviva plc (OTCMKTS:AVVIY) Sees Significant Growth in Short Interest

Aviva plc (OTCMKTS:AVVIY – Get Rating) was the recipient of a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 47,400 shares, a growth of 143.1% from the March 15th total of 19,500 shares. Based on an average daily trading volume, of 108,300 shares, the days-to-cover ratio is presently 0.4 days.

Shares of AVVIY stock opened at $11.22 on Thursday. The business’s 50 day moving average is $11.35 and its two-hundred day moving average is $11.12. Aviva has a twelve month low of $9.63 and a twelve month high of $12.13. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.38.

The firm also recently declared a dividend, which will be paid on Wednesday, May 25th. Investors of record on Friday, April 8th will be paid a $0.3734 dividend. The ex-dividend date of this dividend is Thursday, April 7th. This represents a dividend yield of 4.66%.

AVVIY has been the topic of a number of research reports. Barclays downgraded Aviva from an “overweight” rating to an “equal weight” rating and set a $480.00 price target on the stock. in a research note on Monday, April 4th. Investec downgraded Aviva from a “buy” rating to a “hold” rating in a research note on Tuesday, January 18th. UBS Group upgraded Aviva from a “neutral” rating to a “buy” rating in a research note on Monday, March 28th. Royal Bank of Canada raised their price target on Aviva from GBX 450 ($5.86) to GBX 470 ($6.12) in a research note on Wednesday, March 16th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on Aviva from GBX 530 ($6.91) to GBX 520 ($6.78) in a research note on Wednesday, March 16th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $482.50.

Aviva Company Profile (Get Rating)

Aviva Plc is a holding company, which engages in the provision of long-term insurance and savings, general and health insurance, and fund management products and services. It operates through the following segments: United Kingdom and Ireland; Canada; France; Italy; Poland; and Other. The United Kingdom and Ireland segment offers risks associated with motor vehicles, property and liability, and medical expenses insurance cover to individuals and businesses.

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