Close Brothers Group plc (OTCMKTS:CBGPF) Sees Significant Decline in Short Interest

Close Brothers Group plc (OTCMKTS:CBGPF) was the target of a significant drop in short interest in February. As of February 15th, there was short interest totalling 33,300 shares, a drop of 92.1% from the January 31st total of 423,300 shares. Based on an average daily volume of 100 shares, the short-interest ratio is presently 333.0 days.

Close Brothers Group Stock Performance

Shares of CBGPF stock remained flat at $3.53 on Friday. The firm’s 50-day moving average is $2.98 and its 200-day moving average is $5.52. Close Brothers Group has a twelve month low of $2.42 and a twelve month high of $3.53.

Close Brothers Group Company Profile

Close Brothers Group plc, a merchant banking company, engages in the provision of financial services to small businesses and individuals in the United Kingdom. It operates through five segments: Commercial, Retail, Property, Asset Management, and Securities. The company offers banking services comprising of debt factoring, invoice discounting, asset-based lending; financing for SMEs, residential housing, transport, industrial equipment, renewable energy, motorcycle, used car, and commercial vehicle financing; insurance, refurbishment, and bridging financing, savings products for individuals and corporates, hire purchase, lease, and loan related services.