Erste Group Bank AG (OTCMKTS:EBKDY) Short Interest Update

Erste Group Bank AG (OTCMKTS:EBKDY) was the target of a significant growth in short interest in March. As of March 15th, there was short interest totalling 8,800 shares, a growth of 780.0% from the February 28th total of 1,000 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 72,400 shares, the days-to-cover ratio is currently 0.1 days.

Erste Group Bank Stock Up 0.8 %

Erste Group Bank stock traded up $0.28 during trading on Thursday, reaching $36.86. The stock had a trading volume of 50,170 shares, compared to its average volume of 73,512. Erste Group Bank has a 52-week low of $21.67 and a 52-week high of $37.36. The business has a 50 day moving average price of $34.18 and a 200 day moving average price of $30.28. The stock has a market cap of $30.26 billion, a PE ratio of 9.12, a P/E/G ratio of 1.08 and a beta of 1.24.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. UBS Group lowered Erste Group Bank from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 4th. Citigroup lowered shares of Erste Group Bank from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 10th. Morgan Stanley reiterated an “overweight” rating on shares of Erste Group Bank in a report on Friday, March 7th. Finally, The Goldman Sachs Group upgraded Erste Group Bank from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 11th. Four research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

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.