AIB Group plc (OTCMKTS:AIBRF) Short Interest Down 58.8% in July

AIB Group plc (OTCMKTS:AIBRF) was the target of a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 46,518 shares, a decline of 58.8% from the July 15th total of 112,861 shares. Based on an average trading volume of 2,668 shares, the days-to-cover ratio is presently 17.4 days.

AIB Group Stock Performance

Shares of AIBRF stock opened at $11.76 on Friday. The firm has a 50 day moving average price of $11.80 and a two-hundred day moving average price of $11.18. AIB Group has a 12-month low of $7.82 and a 12-month high of $12.49.

Analyst Ratings Changes

A number of research firms recently weighed in on AIBRF. Royal Bank Of Canada restated an “underperform” rating on shares of AIB Group in a research note on Wednesday, August 5th. Citigroup reiterated a “buy” rating on shares of AIB Group in a report on Monday, August 10th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold”.

AIB Group Company Profile

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.