Concordia Financial Group, Ltd. (OTCMKTS:CRDIY) Sees Large Growth in Short Interest

Concordia Financial Group, Ltd. (OTCMKTS:CRDIY) saw a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 236 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 2,315 shares, the short-interest ratio is presently 0.1 days.

Concordia Financial Group Stock Performance

Shares of OTCMKTS CRDIY opened at $29.77 on Monday. The stock’s fifty day simple moving average is $34.62 and its 200 day simple moving average is $31.88. Concordia Financial Group has a 52-week low of $21.34 and a 52-week high of $39.91.

Analysts Set New Price Targets

Separately, Zacks Research downgraded shares of Concordia Financial Group from a “strong-buy” rating to a “hold” rating in a report on Monday, October 19th. One investment analyst has rated the stock with a Hold rating. According to data from MarketBeat, Concordia Financial Group presently has an average rating of “Hold”.

About Concordia Financial Group

Concordia Financial Group, Inc is a Japanese financial holding company that oversees regional banking and related financial services businesses. Its principal banking operations are conducted through The Bank of Yokohama and The Higashi-Nippon Bank, which provide deposits, loans, payment services and other financial products to individuals, businesses and local governments.

The group also offers services such as investment products, securities-related services, asset management and consulting through affiliated companies.