Close Brothers Group plc (OTCMKTS:CBGPF) Sees Large Decline in Short Interest

Close Brothers Group plc (OTCMKTS:CBGPF) was the target of a significant drop in short interest in March. As of March 15th, there was short interest totalling 337,000 shares, a drop of 21.2% from the February 28th total of 427,800 shares. Based on an average trading volume of 0 shares, the short-interest ratio is presently ∞ days.

Close Brothers Group Stock Performance

CBGPF stock remained flat at $3.53 during mid-day trading on Wednesday. The business has a fifty day simple moving average of $3.33 and a 200 day simple moving average of $4.62. Close Brothers Group has a 12-month low of $2.42 and a 12-month high of $3.53.

About Close Brothers Group

Close Brothers Group plc, a merchant banking company, engages in the provision of financial services to small businesses and individuals in the United Kingdom. It operates through five segments: Commercial, Retail, Property, Asset Management, and Securities. The company offers banking services comprising of debt factoring, invoice discounting, asset-based lending; financing for SMEs, residential housing, transport, industrial equipment, renewable energy, motorcycle, used car, and commercial vehicle financing; insurance, refurbishment, and bridging financing, savings products for individuals and corporates, hire purchase, lease, and loan related services.