Vontobel Holding AG (OTCMKTS:VONHF) Sees Large Decrease in Short Interest

Vontobel Holding AG (OTCMKTS:VONHF) was the recipient of a large decline in short interest during the month of June. As of June 30th, there was short interest totaling 1,109 shares, a decline of 62.5% from the June 15th total of 2,957 shares. Based on an average daily trading volume, of 1,140 shares, the short-interest ratio is presently 1.0 days.

Vontobel Stock Performance

OTCMKTS:VONHF opened at C$90.19 on Wednesday. Vontobel has a 52-week low of C$69.62 and a 52-week high of C$90.19. The business’s fifty day moving average is C$90.19 and its 200 day moving average is C$84.10.

Wall Street Analyst Weigh In

Separately, Citigroup reaffirmed a “neutral” rating on shares of Vontobel in a research report on Monday. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Vontobel currently has an average rating of “Hold”.

About Vontobel

Vontobel is a Switzerland-based financial services group focused on private banking, asset management and investment banking. The firm provides a broad range of wealth management services to high-net-worth individuals, families and family offices, including tailored portfolio solutions, estate and succession planning, and bespoke structuring. In its asset management division, Vontobel offers equities, fixed income, multi-asset and alternative investment strategies to institutional investors, pension funds and retail clients, supported by active research and risk management capabilities.

Founded in 1924 and headquartered in Zurich, Vontobel has grown from a regional private bank into a globally active financial institution.