Short Interest in Erste Group Bank AG (OTCMKTS:EBKDY) Grows By 2,233.3%

Erste Group Bank AG (OTCMKTS:EBKDY) was the recipient of a significant increase in short interest in January. As of January 31st, there was short interest totalling 7,000 shares, an increase of 2,233.3% from the January 15th total of 300 shares. Based on an average trading volume of 326,000 shares, the days-to-cover ratio is currently 0.0 days.

Erste Group Bank Stock Up 3.2 %

Shares of OTCMKTS EBKDY traded up $1.06 during trading hours on Friday, reaching $34.64. 37,566 shares of the stock traded hands, compared to its average volume of 128,485. Erste Group Bank has a 52-week low of $19.89 and a 52-week high of $34.74. The company has a market capitalization of $28.44 billion, a P/E ratio of 8.57, a price-to-earnings-growth ratio of 1.03 and a beta of 1.25. The company’s 50-day simple moving average is $31.05 and its two-hundred day simple moving average is $28.31.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on EBKDY shares. The Goldman Sachs Group upgraded shares of Erste Group Bank from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 11th. Keefe, Bruyette & Woods raised Erste Group Bank from a “moderate sell” rating to a “hold” rating in a report on Friday, November 22nd.

Erste Group Bank Company Profile

Erste Group Bank AG provides a range of banking and other financial services to retail, corporate, and public sector customers. The company operates through Retail, Corporates, Group Markets, Asset/Liability Management & Local Corporate Center, Savings Banks, and Group Corporate Center segments. It provides mortgage and consumer loans, investment products, current accounts, savings products, and credit cards, as well as cross selling products, such as leasing, insurance, and building society products.