AGESY (Ageas/ NV) Short Ratio

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What is Ageas/ NV Short Ratio?

Short Ratio is a metric signaling prevailing investors' sentiment with a company. It represents the number of days it takes short sellers on average to repurchase all the shares short.

Due to the license agreement change with our data vendor, Short Interest related data is no longer available on GuruFocus website.

Ageas/ NV Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Ageas SA/ NV (OTCPK:AGESY) » Definitions » Short Ratio

Comparable Companies

Traded in Other Exchanges

AGESF:USA 1AGS:Italy AGSb:UK 0Q99:UK FO4N:Germany AGS:Belgium AGS:Austria

Address

Avenue du Boulevard 21, Manhattan Center, Bolwerklaan 21, Brussels, BEL, 1210

Website

https://www.ageas.com

Ageas was spun out of Fortis during the financial crisis after a consortium including Banco Santander and Royal Bank of Scotland launched a failed bid for ABN Amro. The takeover was badly timed and overly ambitious, and to fund it Fortis started selling noncore divisions while writing down collateralised debt. As Fortis' capital began to decline, the company initiated a rights issue, and the long-held promised dividend was suspended. As Fortis' share price began to decline and financial market conditions continued to worsen, with a series of leadership changes customers began to withdraw deposits. Fortis was approached by the government and sold its domestic banking operations to the Belgium government. It also spun off its insurance and asset management business.