Assicurazioni Generali S.p.A. (OTCMKTS:ARZGY) Short Interest Up 131.5% in August

Assicurazioni Generali S.p.A. (OTCMKTS:ARZGY) saw a large increase in short interest during the month of August. As of August 31st, there was short interest totalling 20,600 shares, an increase of 131.5% from the August 15th total of 8,900 shares. Based on an average daily trading volume, of 49,800 shares, the days-to-cover ratio is currently 0.4 days.

Wall Street Analysts Forecast Growth

Separately, Citigroup began coverage on shares of Assicurazioni Generali in a research report on Tuesday, August 1st. They set a “neutral” rating for the company. Four analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $16.98.

Assicurazioni Generali Price Performance

OTCMKTS ARZGY traded down $0.03 during trading hours on Thursday, reaching $10.39. The company’s stock had a trading volume of 23,712 shares, compared to its average volume of 22,857. Assicurazioni Generali has a fifty-two week low of $6.58 and a fifty-two week high of $10.65. The company’s 50-day moving average is $10.27 and its two-hundred day moving average is $10.08.

Assicurazioni Generali Company Profile

Assicurazioni Generali S.p.A. engages in the provision of various insurance solutions. The company operates through four segments: Life, Property & Casualty, Asset & Wealth Management, and Holding and Other Business. It offers savings, individual and family protection, and unit linked, as well as motor third-party liability, home, casualty, accident, health, and commercial and industrial risks insurance products; and insurance plans for multinational companies.