Short Interest in Julius Bär Gruppe AG (OTCMKTS:JBAXY) Expands By 1,117.6%

Julius Bär Gruppe AG (OTCMKTS:JBAXY) was the recipient of a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 40,255 shares, a growth of 1,117.6% from the May 14th total of 3,306 shares. Based on an average daily trading volume, of 624,631 shares, the short-interest ratio is presently 0.1 days.

Wall Street Analyst Weigh In

JBAXY has been the topic of several recent research reports. Zacks Research cut Julius Bär Gruppe from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 17th. Citigroup upgraded Julius Bär Gruppe from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 22nd. Finally, Barclays upgraded Julius Bär Gruppe from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 20th. Two equities research analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy”.

Julius Bär Gruppe Stock Down 0.2%

Shares of OTCMKTS JBAXY traded down $0.04 during mid-day trading on Tuesday, reaching $16.27. The company had a trading volume of 56,834 shares, compared to its average volume of 122,675. Julius Bär Gruppe has a one year low of $12.43 and a one year high of $17.70. The business’s 50-day simple moving average is $16.15 and its 200 day simple moving average is $15.93.

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.