Julius Bär Gruppe AG (OTCMKTS:JBAXY) Sees Significant Increase in Short Interest

Julius Bär Gruppe AG (OTCMKTS:JBAXY) was the target of a large growth in short interest during the month of January. As of January 30th, there was short interest totaling 62,757 shares, a growth of 40.6% from the January 15th total of 44,630 shares. Based on an average trading volume of 99,262 shares, the days-to-cover ratio is currently 0.6 days. Based on an average trading volume of 99,262 shares, the days-to-cover ratio is currently 0.6 days.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of Julius Bär Gruppe from a “hold” rating to a “strong-buy” rating in a report on Monday, January 19th. Two investment analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy”.

Julius Bär Gruppe Price Performance

JBAXY stock opened at $16.60 on Friday. Julius Bär Gruppe has a 52-week low of $11.05 and a 52-week high of $17.70. The business has a fifty day moving average of $16.23 and a two-hundred day moving average of $14.75.

Julius Bär Gruppe Company Profile

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.