BAWAG Group AG (OTCMKTS:BWAGF) Sees Large Drop in Short Interest

BAWAG Group AG (OTCMKTS:BWAGF) was the target of a significant decline in short interest during the month of March. As of March 13th, there was short interest totaling 8,713 shares, a decline of 80.4% from the February 26th total of 44,367 shares. Based on an average daily volume of 140 shares, the days-to-cover ratio is currently 62.2 days.

BAWAG Group Price Performance

BWAGF remained flat at $148.00 during trading on Thursday. The company had a trading volume of 17,684 shares, compared to its average volume of 1,840. The firm’s 50 day moving average is $154.94 and its 200-day moving average is $140.90. BAWAG Group has a 1-year low of $85.52 and a 1-year high of $167.43.

BAWAG Group Company Profile

BAWAG Group AG is a Vienna‐based banking and financial services group offering a broad range of products to private individuals, small and medium‐sized enterprises, corporate clients and institutional investors. Through its principal operating unit, BAWAG P.S.K., the Group delivers retail and digital banking services, consumer finance, leasing solutions and mortgage lending. In addition, BAWAG Group provides corporate and commercial banking, treasury and capital markets activities.

The Group’s retail platform combines traditional branch networks with a growing suite of online and mobile banking channels.