Beazley plc (OTCMKTS:BZLYF) Sees Significant Decline in Short Interest

Beazley plc (OTCMKTS:BZLYF – Get Rating) was the recipient of a significant drop in short interest in April. As of April 30th, there was short interest totalling 44,000 shares, a drop of 58.7% from the April 15th total of 106,600 shares. Based on an average daily trading volume, of 400 shares, the short-interest ratio is presently 110.0 days.

BZLYF has been the subject of a number of research reports. UBS Group upgraded shares of Beazley from a “sell” rating to a “buy” rating in a report on Wednesday, April 27th. Barclays raised their target price on shares of Beazley from GBX 531 ($6.55) to GBX 541 ($6.67) in a report on Wednesday, April 20th. Credit Suisse Group raised their target price on shares of Beazley from GBX 465 ($5.73) to GBX 480 ($5.92) in a report on Wednesday, February 16th. Investec cut shares of Beazley from a “buy” rating to a “hold” rating in a report on Monday, April 25th. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a $610.00 price objective on shares of Beazley in a research note on Friday, February 18th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $560.14.

Shares of OTCMKTS:BZLYF opened at $5.57 on Friday. The firm has a fifty day moving average of $5.35 and a two-hundred day moving average of $5.71. Beazley has a 12-month low of $4.10 and a 12-month high of $6.92.

Beazley Company Profile (Get Rating)

Beazley plc provides risk insurance and reinsurance solutions in the United States, Europe, and internationally. Its Cyber & Executive Risk segment underwrites management liabilities, such as employment practices risks and directors and officers, cyber and technology, and media and business services.

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