What’s AZIMUT HOLDING SPA (OTCMKTS:AZIHF) Upside After This Short Interest Decrease?

December 7, 2017 - By Darrin Black

The stock of AZIMUT HOLDING SPA (OTCMKTS:AZIHF) registered a decrease of 10.4% in short interest. AZIHF’s total short interest was 2.98 million shares in December as published by FINRA. Its down 10.4% from 3.32 million shares, reported previously. With 700 shares average volume, it will take short sellers 4254 days to cover their AZIHF’s short positions.

It closed at $18.59 lastly. It is down 0.00% since December 7, 2016 and is . It has underperformed by 16.70% the S&P500.

Azimut Holding S.p.A. provides asset management and financial advisory services in Italy. The company has market cap of $2.38 billion. It offers life insurance, wealth management, investment portfolio individual management, and financial planning consultancy services, as well as manages private equity funds and invests in the digital sector. It has a 12.06 P/E ratio.

More recent Azimut Holding S.p.A. (OTCMKTS:AZIHF) news were published by: Seekingalpha.com which released: “Why Azimut Is A Strong Buy Despite A 30% Earnings Decrease In 2016” on March 15, 2017. Also Reuters.com published the news titled: “Azimut to merge Brazil asset managers Quest, Legan: sources” on October 10, 2016. Reuters.com‘s news article titled: “Azimut and Maybank to jointly manage sukuk fund, seek new markets” with publication date: November 15, 2016 was also an interesting one.

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