AIB Group plc (OTCMKTS:AIBRF) Short Interest Update

AIB Group plc (OTCMKTS:AIBRF) was the target of a significant growth in short interest in August. As of August 14th, there was short interest totaling 379,183 shares, a growth of 715.1% from the July 30th total of 46,518 shares. Based on an average daily trading volume, of 1,402 shares, the days-to-cover ratio is presently 270.5 days.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on AIBRF. Citigroup reaffirmed a “buy” rating on shares of AIB Group in a research note on Monday, August 10th. Royal Bank Of Canada reissued an “underperform” rating on shares of AIB Group in a report on Wednesday, August 5th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

AIB Group Stock Down 1.1%

Shares of AIB Group stock opened at $12.62 on Thursday. AIB Group has a twelve month low of $7.82 and a twelve month high of $12.84. The firm’s 50-day moving average price is $11.92 and its 200 day moving average price is $11.25.

About AIB Group

AIB Group plc is a leading commercial bank headquartered in Dublin, Ireland, offering a broad range of banking and financial services to personal, business, and corporate customers. Tracing its modern roots to the 1966 merger of three Irish banks—Allied Irish Banks, Provincial Bank of Ireland and Royal Bank of Ireland—AIB has evolved into one of Ireland’s “Big Four” banks. Its shares trade on the Irish Stock Exchange and, in the United States, in the form of American Depositary Receipts under the ticker AIBRF on the OTC Markets.

The bank’s core business activities include retail and private banking, corporate and institutional banking, and treasury services.