ageas SA/NV (OTCMKTS:AGESY) Sees Large Increase in Short Interest

ageas SA/NV (OTCMKTS:AGESY) was the recipient of a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 5,000 shares, an increase of 11.1% from the October 31st total of 4,500 shares. Based on an average daily volume of 16,200 shares, the days-to-cover ratio is presently 0.3 days.

ageas SA/NV Price Performance

OTCMKTS AGESY opened at $50.57 on Monday. ageas SA/NV has a 12-month low of $40.42 and a 12-month high of $54.07. The firm has a 50-day moving average price of $52.33 and a two-hundred day moving average price of $49.85.

ageas SA/NV Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, December 13th. Investors of record on Thursday, December 5th will be paid a $1.1088 dividend. The ex-dividend date is Thursday, December 5th.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods lowered shares of ageas SA/NV from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, November 13th.

About ageas SA/NV

ageas SA/NV, together with its subsidiaries, engages in insurance business. It operates in five segments: Belgium, Europe, Asia, Reinsurance, and General Account. The company offers property, casualty, and life insurance products, as well as pension products; and reinsurance products. It provides life insurance products include risks related to the life and death of individuals; and non-life insurance products comprise accident and health, motor, fire, and other property insurance products, as well as insurance services for other damages to property.