OTP Bank Nyrt. (OTCMKTS:OTPBF) Sees Large Drop in Short Interest

OTP Bank Nyrt. (OTCMKTS:OTPBFGet Free Report) was the target of a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 17,688 shares, a drop of 68.4% from the June 15th total of 56,011 shares. Based on an average trading volume of 129 shares, the days-to-cover ratio is presently 137.1 days.

OTP Bank Nyrt. Stock Performance

OTP Bank Nyrt. stock remained flat at C$144.00 during midday trading on Friday. OTP Bank Nyrt. has a 12-month low of C$90.37 and a 12-month high of C$147.00. The business’s fifty day moving average is C$142.73 and its two-hundred day moving average is C$126.35.

About OTP Bank Nyrt.

(Get Free Report)

OTP Bank Nyrt. is Hungary’s largest commercial bank, offering a full spectrum of financial services to retail, corporate and institutional clients. As a universal banking group, OTP provides deposit accounts, consumer and mortgage loans, credit cards and leasing solutions alongside corporate lending, trade and project finance. The bank also operates dedicated investment banking, asset management and insurance units, delivering integrated financial products through a multi?channel network of branches, ATMs, internet and mobile platforms.

Originally established in 1949 as a state savings institution, OTP Bank underwent a series of privatizations beginning in the mid-1990s and has since transformed into a leading regional banking group.

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