Aviva plc (OTCMKTS:AVVIY) Short Interest Up 56.0% in May

Aviva plc (OTCMKTS:AVVIY – Get Rating) was the target of a large growth in short interest in the month of May. As of May 15th, there was short interest totalling 83,600 shares, a growth of 56.0% from the April 30th total of 53,600 shares. Based on an average trading volume of 69,500 shares, the short-interest ratio is currently 1.2 days.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Morgan Stanley cut their price target on shares of Aviva from GBX 540 ($6.72) to GBX 520 ($6.47) in a research report on Wednesday, February 8th. JPMorgan Chase & Co. lowered their target price on Aviva from GBX 545 ($6.78) to GBX 535 ($6.65) in a research note on Thursday. Barclays lowered their target price on Aviva from GBX 560 ($6.97) to GBX 545 ($6.78) in a research note on Friday, March 10th. Finally, Berenberg Bank lowered their target price on Aviva from GBX 546 ($6.79) to GBX 532 ($6.62) in a research note on Thursday.

Aviva Price Performance

OTCMKTS AVVIY traded up $0.09 during trading hours on Friday, reaching $10.02. 63,732 shares of the company’s stock were exchanged, compared to its average volume of 38,305. The company’s 50-day moving average is $10.35 and its two-hundred day moving average is $10.60. Aviva has a one year low of $8.05 and a one year high of $14.50.

Aviva Increases Dividend

The firm also recently declared a dividend, which was paid on Wednesday, May 24th. Stockholders of record on Friday, March 31st were paid a dividend of $0.4737 per share. This is a boost from Aviva’s previous dividend of $0.23. This represents a dividend yield of 7.14%. The ex-dividend date was Thursday, March 30th.

About Aviva

(Get Rating)

Aviva Plc is a holding company, which engages in the provision of long-term insurance and savings, general and health insurance, and fund management products and services. It operates through the following segments: United Kingdom and Ireland; Canada; France; Italy; Poland; and Other. The United Kingdom and Ireland segment offers risks associated with motor vehicles, property and liability, and medical expenses insurance cover to individuals and businesses.