Concordia Financial Group, Ltd. (OTCMKTS:CRDIY) Short Interest Up 329.0% in May

Concordia Financial Group, Ltd. (OTCMKTS:CRDIY) was the target of a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 41,423 shares, a growth of 329.0% from the May 14th total of 9,656 shares. Based on an average trading volume of 26,453 shares, the days-to-cover ratio is presently 1.6 days. Approximately 0.0% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of Concordia Financial Group to a “hold” rating in a research report on Thursday, April 9th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of “Hold”.

Concordia Financial Group Trading Up 2.5%

CRDIY stock traded up $0.80 on Friday, reaching $32.51. 4,996 shares of the company were exchanged, compared to its average volume of 10,265. Concordia Financial Group has a 12 month low of $18.50 and a 12 month high of $39.91. The stock’s fifty day moving average price is $29.75 and its 200 day moving average price is $27.99.

Concordia Financial Group Company Profile

Concordia Financial Group, Inc is a regional financial holding company headquartered in Japan’s Kanto region. Established in March 2015 through the merger of two regional banks, the company provides banking and financial services under its principal operating subsidiaries, The Joyo Bank, Ltd. and Ibaraki Bank, Ltd. As a bank holding company, Concordia Financial Group oversees strategic planning, risk management and corporate governance for its banking operations.

The group’s core business activities encompass deposit-taking, lending, foreign exchange, trade finance and cash management services for both individual and corporate clients.