Assicurazioni Generali S.p.A. (OTCMKTS:ARZGY) Short Interest Update

Assicurazioni Generali S.p.A. (OTCMKTS:ARZGY – Get Rating) was the target of a significant drop in short interest in the month of April. As of April 30th, there was short interest totalling 10,700 shares, a drop of 63.9% from the April 15th total of 29,600 shares. Based on an average daily trading volume, of 124,500 shares, the short-interest ratio is presently 0.1 days.

ARZGY has been the subject of several research analyst reports. Kepler Capital Markets lowered shares of Assicurazioni Generali from a “buy” rating to a “hold” rating and lowered their price objective for the stock from €21.00 ($22.11) to €20.00 ($21.05) in a report on Thursday, March 17th. Societe Generale lowered shares of Assicurazioni Generali from a “buy” rating to a “hold” rating in a report on Thursday, January 20th. Citigroup lowered shares of Assicurazioni Generali from a “buy” rating to a “neutral” rating in a report on Wednesday, January 19th. Morgan Stanley raised their price objective on shares of Assicurazioni Generali from €21.00 ($22.11) to €23.00 ($24.21) in a report on Wednesday, April 6th. Finally, Barclays lowered their price objective on shares of Assicurazioni Generali from €18.50 ($19.47) to €18.00 ($18.95) and set an “underweight” rating for the company in a report on Wednesday. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $20.77.

ARZGY stock opened at $9.13 on Thursday. The firm has a 50 day moving average price of $10.08 and a 200-day moving average price of $10.37. Assicurazioni Generali has a 52-week low of $8.35 and a 52-week high of $11.71.

About Assicurazioni Generali (Get Rating)

Assicurazioni Generali S.p.A. provides various insurance solutions. The company operates through four segments: Non-Life; Life; Asset Management; and Holding and Other Business. It offers saving and protection insurance products for individuals and family; unit linked products with investment purposes; and motor, motor third-party liability, casualty, accident, health, and commercial and industrial risks insurance products.

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