Erste Group Bank AG (OTCMKTS:EBKDY) Sees Large Increase in Short Interest

Erste Group Bank AG (OTCMKTS:EBKDY) was the recipient of a large increase in short interest in January. As of January 31st, there was short interest totalling 7,000 shares, an increase of 2,233.3% from the January 15th total of 300 shares. Based on an average daily volume of 326,000 shares, the days-to-cover ratio is presently 0.0 days.

Wall Street Analyst Weigh In

A number of analysts have recently commented on EBKDY shares. The Goldman Sachs Group raised Erste Group Bank from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 11th. Keefe, Bruyette & Woods raised Erste Group Bank from a “moderate sell” rating to a “hold” rating in a research report on Friday, November 22nd.

Erste Group Bank Stock Up 1.5 %

Shares of OTCMKTS EBKDY opened at $33.58 on Thursday. Erste Group Bank has a twelve month low of $19.89 and a twelve month high of $33.70. The firm has a market cap of $27.57 billion, a P/E ratio of 8.31, a PEG ratio of 1.03 and a beta of 1.25. The company has a 50 day moving average of $30.83 and a 200 day moving average of $28.23.

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.