Close Brothers Group plc (OTCMKTS:CBGPF) Sees Large Decrease in Short Interest

Close Brothers Group plc (OTCMKTS:CBGPF) was the target of a significant drop in short interest during the month of February. As of February 15th, there was short interest totalling 33,300 shares, a drop of 92.1% from the January 31st total of 423,300 shares. Based on an average trading volume of 100 shares, the short-interest ratio is presently 333.0 days.

Close Brothers Group Stock Performance

OTCMKTS:CBGPF remained flat at $3.53 during mid-day trading on Thursday. Close Brothers Group has a 1 year low of $2.42 and a 1 year high of $3.53. The stock has a fifty day simple moving average of $2.98 and a 200 day simple moving average of $5.57.

About Close Brothers Group

Close Brothers Group plc, a merchant banking company, engages in the provision of financial services to small businesses and individuals in the United Kingdom. It operates through five segments: Commercial, Retail, Property, Asset Management, and Securities. The company offers banking services comprising of debt factoring, invoice discounting, asset-based lending; financing for SMEs, residential housing, transport, industrial equipment, renewable energy, motorcycle, used car, and commercial vehicle financing; insurance, refurbishment, and bridging financing, savings products for individuals and corporates, hire purchase, lease, and loan related services.