Erste Group Bank AG (OTCMKTS:EBKDY) Sees Significant Increase in Short Interest

Erste Group Bank AG (OTCMKTS:EBKDY) was the target of a large increase in short interest in the month of 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 daily trading volume, of 326,000 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analyst Weigh In

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

Erste Group Bank Price Performance

Shares of OTCMKTS:EBKDY traded up $1.08 on Wednesday, reaching $33.08. The company’s stock had a trading volume of 29,482 shares, 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 $33.33. The stock’s 50-day moving average is $30.83 and its two-hundred day moving average is $28.23. The stock has a market capitalization of $27.16 billion, a P/E ratio of 8.19, a PEG ratio of 1.03 and a beta of 1.25.

About Erste Group Bank

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.