Short Interest in AIB Group plc (OTCMKTS:AIBRF) Grows By 99.4%

AIB Group plc (OTCMKTS:AIBRF) saw a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 117,608 shares, a growth of 99.4% from the June 15th total of 58,990 shares. Based on an average daily volume of 28,497 shares, the short-interest ratio is presently 4.1 days.

AIB Group Stock Performance

AIB Group stock opened at $11.37 on Friday. AIB Group has a 1 year low of $7.34 and a 1 year high of $12.04. The firm has a 50 day moving average price of $11.56 and a 200 day moving average price of $11.00.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Citigroup reaffirmed a “buy” rating on shares of AIB Group in a research note on Tuesday, June 30th. Royal Bank Of Canada downgraded shares of AIB Group from a “sector perform” rating to an “underperform” rating in a report on Tuesday, July 7th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of AIB Group in a research report on Monday, April 13th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, AIB Group has an average rating of “Hold”.

About AIB Group

AIB Group plc is a leading commercial bank headquartered in Dublin, Ireland, offering a broad range of banking and financial services to personal, business, and corporate customers. Tracing its modern roots to the 1966 merger of three Irish banks—Allied Irish Banks, Provincial Bank of Ireland and Royal Bank of Ireland—AIB has evolved into one of Ireland’s “Big Four” banks. Its shares trade on the Irish Stock Exchange and, in the United States, in the form of American Depositary Receipts under the ticker AIBRF on the OTC Markets.

The bank’s core business activities include retail and private banking, corporate and institutional banking, and treasury services.