AXA SA (OTCMKTS:AXAHY) Short Interest Up 608.4% in April

AXA SA (OTCMKTS:AXAHY – Get Rating) was the recipient of a significant increase in short interest in April. As of April 15th, there was short interest totalling 135,300 shares, an increase of 608.4% from the March 31st total of 19,100 shares. Based on an average daily volume of 231,700 shares, the short-interest ratio is presently 0.6 days.

A number of equities analysts recently commented on the stock. JPMorgan Chase & Co. lowered their target price on shares of AXA from €30.50 ($32.80) to €30.00 ($32.26) in a research note on Thursday, April 21st. The Goldman Sachs Group assumed coverage on shares of AXA in a research report on Tuesday, February 15th. They issued a “buy” rating for the company. Zacks Investment Research cut shares of AXA from a “hold” rating to a “sell” rating in a research report on Thursday, March 24th. Morgan Stanley reduced their price target on shares of AXA from €35.00 ($37.63) to €32.00 ($34.41) and set an “overweight” rating for the company in a research report on Tuesday, April 5th. Finally, Credit Suisse Group boosted their price target on shares of AXA from €26.00 ($27.96) to €28.00 ($30.11) in a research report on Thursday, April 21st. One analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $30.80.

Shares of OTCMKTS:AXAHY opened at $27.09 on Thursday. The company has a 50-day simple moving average of $28.04 and a 200-day simple moving average of $29.15. AXA has a one year low of $23.62 and a one year high of $33.20. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.15.

AXA Company Profile (Get Rating)

AXA SA, through its subsidiaries, provides insurance, asset management, and banking services worldwide. The company operates through France, Europe, Asia, AXA XL, International, and Transversal & Central Holdings segments. It offers life and savings insurance products, such as savings and retirement, other health, and personal protection products.

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