AGF Management Limited (OTCMKTS:AGFMF) Stock Short Interest Rises 67.5%

AGF Management Limited (OTCMKTS:AGFMF) was the recipient of a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 937,058 shares, an increase of 67.5% from the September 15th total of 559,418 shares. Based on an average daily volume of 38,317 shares, the days-to-cover ratio is currently 24.5 days.

AGF Management Stock Down 0.4%

AGFMF opened at $10.64 on Friday. The business has a 50 day moving average price of $13.75 and a two-hundred day moving average price of $13.78. AGF Management has a 52 week low of $9.51 and a 52 week high of $17.03.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. TD Securities reissued a “buy” rating on shares of AGF Management in a research report on Tuesday, September 15th. BMO Capital Markets restated a “market perform” rating on shares of AGF Management in a research note on Monday, June 22nd. Finally, Royal Bank Of Canada lowered shares of AGF Management from an “outperform” rating to a “sector perform” rating and set a $23.00 price objective on the stock. in a research note on Tuesday, September 8th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, AGF Management presently has an average rating of “Hold” and an average price target of $23.00.

AGF Management Company Profile

AGF Management Ltd. is a Canadian investment management company that provides investment solutions to individual investors, financial advisors, institutions and other clients. Through its operating businesses, including AGF Investments Inc, the company manages and administers a range of investment products and portfolios.

AGF’s offerings include mutual funds, exchange-traded funds, separately managed accounts and institutional investment strategies. Its capabilities span equities, fixed income, multi-asset investing and alternative investments, with strategies designed for both Canadian and international markets.

Founded in 1957, AGF serves clients in Canada and select international markets through investment management, distribution and advisory operations.