Short Interest in Assured Guaranty Rises By 53.5% (AGO)
Shares of Assured Guaranty (NYSE:AGO) were the target of a large increase in short interest in the month of May. As of May 15th, there was short interest totalling 4,247,338 shares, an increase of 53.5% from the April 30th total of 2,766,514 shares, AnalystRatings.Net reports. Currently, 2.5% of the shares of the company are short sold. Based on an average trading volume of 1,862,301 shares, the short-interest ratio is currently 2.3 days.
Shares of Assured Guaranty (NYSE:AGO) opened at 25.35 on Thursday. Assured Guaranty has a 52 week low of $17.80 and a 52 week high of $26.76. The stock’s 50-day moving average is $24.64 and its 200-day moving average is $23.93. The company has a market cap of $4.552 billion and a P/E ratio of 4.74.
Assured Guaranty (NYSE:AGO) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.11. The company had revenue of $297.00 million for the quarter, compared to the consensus estimate of $167.60 million. During the same quarter in the previous year, the company posted $1.34 earnings per share. The company’s revenue for the quarter was down 23.8% on a year-over-year basis. On average, analysts predict that Assured Guaranty will post $2.60 earnings per share for the current fiscal year.
Assured Guaranty Ltd. (NYSE:AGO) is a Bermuda-based holding company.
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