Aviva plc (OTCMKTS:AVVIY) Short Interest Up 94.6% in October

Aviva plc (OTCMKTS:AVVIY) was the target of a significant increase in short interest in the month of October. As of October 15th, there was short interest totalling 43,600 shares, an increase of 94.6% from the September 30th total of 22,400 shares. Based on an average trading volume of 54,100 shares, the days-to-cover ratio is presently 0.8 days.

Aviva Price Performance

Shares of OTCMKTS:AVVIY traded down $0.33 during midday trading on Monday, hitting $12.11. The stock had a trading volume of 16,000 shares, compared to its average volume of 30,251. The company’s 50-day moving average price is $13.05 and its 200-day moving average price is $12.59. Aviva has a fifty-two week low of $9.68 and a fifty-two week high of $13.58.

Aviva Cuts Dividend

The company also recently announced a dividend, which was paid on Wednesday, October 23rd. Shareholders of record on Friday, September 6th were given a dividend of $0.2854 per share. The ex-dividend date of this dividend was Friday, September 6th.

Analyst Ratings Changes

AVVIY has been the topic of a number of analyst reports. Royal Bank of Canada upgraded shares of Aviva to a “moderate buy” rating in a research report on Thursday, October 3rd. The Goldman Sachs Group upgraded Aviva to a “strong-buy” rating in a research report on Wednesday, September 18th.

About Aviva

Aviva plc provides various insurance, retirement, investment, and savings products in the United Kingdom, Ireland, Canada, and internationally. The company offers life insurance, long-term health and accident insurance, savings, pension, and annuity products, as well as pension fund business and lifetime mortgage products.