Short Interest in Erste Group Bank AG (OTCMKTS:EBKDY) Increases By 780.0%

Erste Group Bank AG (OTCMKTS:EBKDY) saw a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 8,800 shares, an increase of 780.0% from the February 28th total of 1,000 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 72,400 shares, the short-interest ratio is presently 0.1 days.

Analyst Ratings Changes

Several equities analysts recently commented on EBKDY shares. Morgan Stanley reiterated an “overweight” rating on shares of Erste Group Bank in a research note on Friday, March 7th. Citigroup cut Erste Group Bank from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 10th. The Goldman Sachs Group raised Erste Group Bank from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 11th. Finally, UBS Group downgraded shares of Erste Group Bank from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 4th. Four equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Erste Group Bank has a consensus rating of “Moderate Buy”.

Erste Group Bank Price Performance

OTCMKTS:EBKDY traded up $0.28 during trading hours on Thursday, hitting $36.86. The stock had a trading volume of 50,170 shares, compared to its average volume of 73,512. Erste Group Bank has a one year low of $21.67 and a one year high of $37.36. The company has a 50 day simple moving average of $34.18 and a two-hundred day simple moving average of $30.28. The firm has a market capitalization of $30.26 billion, a price-to-earnings ratio of 9.12, a P/E/G ratio of 1.08 and a beta of 1.24.

Erste Group Bank Company Profile

Erste Group Bank AG provides a range of banking and other financial services to retail, corporate, and public sector customers. The company operates through Retail, Corporates, Group Markets, Asset/Liability Management & Local Corporate Center, Savings Banks, and Group Corporate Center segments. It provides mortgage and consumer loans, investment products, current accounts, savings products, and credit cards, as well as cross selling products, such as leasing, insurance, and building society products.