AGF Management Limited (OTCMKTS:AGFMF) Sees Significant Decline in Short Interest

AGF Management Limited (OTCMKTS:AGFMF) was the target of a significant drop in short interest in June. As of June 30th, there was short interest totaling 140,578 shares, a drop of 48.0% from the June 15th total of 270,131 shares. Based on an average trading volume of 112,199 shares, the short-interest ratio is presently 1.3 days.

AGF Management Price Performance

Shares of OTCMKTS:AGFMF opened at $15.88 on Wednesday. AGF Management has a 52 week low of $8.53 and a 52 week high of $15.89. The company’s 50 day moving average is $13.31 and its two-hundred day moving average is $13.27.

Wall Street Analysts Forecast Growth

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

AGF Management Company Profile

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.