AGF Management Limited (OTCMKTS:AGFMF) Sees Large Drop in Short Interest

AGF Management Limited (OTCMKTS:AGFMF) saw a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 270,131 shares, a decrease of 38.1% from the May 31st total of 436,128 shares. Based on an average trading volume of 766 shares, the short-interest ratio is presently 352.7 days.

AGF Management Stock Performance

Shares of OTCMKTS AGFMF opened at $14.07 on Thursday. AGF Management has a one year low of $8.53 and a one year high of $15.15. The business has a 50-day moving average price of $12.70 and a two-hundred day moving average price of $13.06.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Scotiabank restated a “sector perform” rating on shares of AGF Management in a report on Monday, April 13th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of AGF Management in a research note on Thursday, June 25th. Finally, BMO Capital Markets reiterated a “market perform” rating on shares of AGF Management in a research report on Monday, June 22nd. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy”.

About AGF Management

AGF Management Limited is a Canadian-based investment management firm that offers a broad suite of products and services to retail, institutional and private wealth clients. The company’s core offerings include mutual funds, exchange-traded funds (ETFs), managed solutions and separately managed accounts. AGF’s investment platforms span equity, fixed-income, multi-asset and alternative strategies, allowing clients to access active management and customized portfolio solutions.

Founded in 1957 and headquartered in Toronto, AGF Management operates additional offices in Montreal and other locations across Canada.