Julius Bär Gruppe AG (OTCMKTS:JBAXY) Short Interest Up 304.1% in July

Julius Bär Gruppe AG (OTCMKTS:JBAXY) was the target of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 34,488 shares, an increase of 304.1% from the June 30th total of 8,534 shares. Based on an average daily volume of 237,895 shares, the short-interest ratio is presently 0.1 days.

Julius Bär Gruppe Price Performance

JBAXY opened at $17.18 on Tuesday. Julius Bär Gruppe has a 52-week low of $13.07 and a 52-week high of $18.62. The business’s fifty day moving average is $16.98 and its 200-day moving average is $16.45.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on JBAXY shares. Keefe, Bruyette & Woods downgraded Julius Bär Gruppe from a “hold” rating to a “moderate sell” rating in a report on Friday, June 19th. Citigroup raised shares of Julius Bär Gruppe from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 22nd. Finally, Barclays raised shares of Julius Bär Gruppe from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 20th. Two research analysts have rated the stock with a Strong Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

About Julius Bär Gruppe

Julius Bär Gruppe (OTCMKTS: JBAXY) is a Swiss global wealth manager headquartered in Zurich. The group specialises in private banking and asset management services for high-net-worth individuals and families. With a client-centric approach, Julius Bär offers tailored investment solutions designed to preserve and grow clients’ wealth over the long term.

The firm’s core services include discretionary and advisory portfolio management, wealth planning, lending and credit facilities, customised trading solutions and family office services.