Julius Bär Gruppe AG (OTCMKTS:JBAXY) Sees Significant Drop in Short Interest

Julius Bär Gruppe AG (OTCMKTS:JBAXY) saw a significant decrease in short interest during the month of June. As of June 30th, there was short interest totaling 8,534 shares, a decrease of 75.4% from the June 15th total of 34,740 shares. Based on an average daily volume of 102,038 shares, the short-interest ratio is currently 0.1 days.

Julius Bär Gruppe Trading Up 1.4%

Shares of JBAXY stock traded up $0.24 on Friday, reaching $17.97. 26,072 shares of the stock were exchanged, compared to its average volume of 117,520. Julius Bär Gruppe has a one year low of $13.07 and a one year high of $18.44. The stock has a 50 day moving average price of $16.82 and a 200 day moving average price of $16.31.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Zacks Research cut Julius Bär Gruppe from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 17th. Citigroup raised shares of Julius Bär Gruppe from a “hold” rating to a “strong-buy” rating in a report on Friday, May 22nd. Barclays upgraded shares of Julius Bär Gruppe from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 20th. Finally, Keefe, Bruyette & Woods downgraded shares of Julius Bär Gruppe from a “hold” rating to a “moderate sell” rating in a research note on Friday, June 19th. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average 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.