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

Aviva plc (OTCMKTS:AVVIYGet Rating) was the target of a significant increase in short interest during the month of May. As of May 15th, there was short interest totalling 83,600 shares, an increase 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.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on AVVIY shares. Morgan Stanley lowered their price objective on shares of Aviva from GBX 540 ($6.72) to GBX 520 ($6.47) in a research note on Wednesday, February 8th. Barclays decreased their price target on shares of Aviva from GBX 560 ($6.97) to GBX 545 ($6.78) in a research note on Friday, March 10th. Berenberg Bank decreased their price target on shares of Aviva from GBX 546 ($6.79) to GBX 532 ($6.62) in a research note on Thursday. Finally, JPMorgan Chase & Co. decreased their price target on shares of Aviva from GBX 545 ($6.78) to GBX 535 ($6.65) in a research note on Thursday.

Aviva Stock Up 0.9 %

Shares of AVVIY traded up $0.09 during trading hours on Friday, hitting $10.02. The stock had a trading volume of 63,732 shares, compared to its average volume of 38,305. The company’s fifty day moving average is $10.35 and its two-hundred day moving average is $10.60. Aviva has a 52 week low of $8.05 and a 52 week high of $14.50.

Aviva Increases Dividend

The company also recently announced a dividend, which was paid on Wednesday, May 24th. Stockholders of record on Friday, March 31st were issued a $0.4737 dividend. This is a positive change from Aviva’s previous dividend of $0.23. The ex-dividend date of this dividend was Thursday, March 30th. This represents a dividend yield of 7.14%.

About Aviva

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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.

Further Reading

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