Beazley plc (OTCMKTS:BZLYF) Short Interest Down 97.6% in March

Beazley plc (OTCMKTS:BZLYF) was the target of a large decrease in short interest during the month of March. As of March 13th, there was short interest totaling 13,340 shares, a decrease of 97.6% from the February 26th total of 565,479 shares. Based on an average daily volume of 5,173 shares, the short-interest ratio is currently 2.6 days. Based on an average daily volume of 5,173 shares, the short-interest ratio is currently 2.6 days.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on BZLYF. Jefferies Financial Group cut shares of Beazley to a “hold” rating in a research report on Thursday, February 5th. Citigroup cut shares of Beazley to a “neutral” rating in a research report on Wednesday, January 21st. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Beazley in a report on Wednesday, January 7th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Beazley has a consensus rating of “Moderate Buy”.

Beazley Price Performance

BZLYF remained flat at $16.44 during trading hours on Tuesday. 1,862 shares of the company traded hands, compared to its average volume of 8,826. The stock’s 50-day moving average price is $15.99 and its 200 day moving average price is $13.02. Beazley has a 1 year low of $9.97 and a 1 year high of $17.96.

Beazley Company Profile

Beazley PLC is a specialist insurer and reinsurer headquartered in London, operating as a Lloyd’s syndicate manager (Syndicate 2623) and a publicly listed company on the London Stock Exchange. Established in 1986, Beazley has built a reputation for underwriting expertise across a range of specialty lines, offering tailored risk solutions to clients worldwide. The company’s shares trade in the United States on the OTC market under the ticker BZLYF.

The firm’s core business activities span five principal divisions: Property, Marine, Political Risk & Crisis Management, Reinsurance, and Specialty Lines.