AIB Group plc (OTCMKTS:AIBRF) Sees Significant Increase in Short Interest

AIB Group plc (OTCMKTS:AIBRF) saw a large increase in short interest in April. As of April 15th, there was short interest totalling 1,030,700 shares, an increase of 22.1% from the March 31st total of 844,200 shares. Based on an average daily trading volume, of 30,500 shares, the short-interest ratio is presently 33.8 days.

AIB Group Stock Performance

AIBRF opened at $6.79 on Friday. The stock’s 50 day simple moving average is $6.75 and its 200 day simple moving average is $6.06. AIB Group has a 1 year low of $5.01 and a 1 year high of $7.65.

Wall Street Analysts Forecast Growth

AIBRF has been the subject of several research reports. Royal Bank of Canada reaffirmed a “sector perform” rating on shares of AIB Group in a research note on Tuesday, March 11th. Morgan Stanley reissued an “underweight” rating on shares of AIB Group in a research note on Friday, March 7th.

About AIB Group

AIB Group plc provides banking and financial products and services to retail, business, and corporate customers in the Republic of Ireland and the United Kingdom. It operates through Retail Banking, AIB Capital Markets, and AIB UK, and Group segments. The company offers current and savings accounts, demand deposits, notice deposits, fixed term deposits, junior/student saver deposits, and currency deposits.