Erste Group Bank AG (OTCMKTS:EBKDY) Short Interest Update

Erste Group Bank AG (OTCMKTS:EBKDY) was the target of a significant growth in short interest in the month of January. As of January 31st, there was short interest totalling 7,000 shares, a growth of 2,233.3% from the January 15th total of 300 shares. Based on an average trading volume of 326,000 shares, the days-to-cover ratio is presently 0.0 days.

Erste Group Bank Stock Performance

Shares of OTCMKTS EBKDY traded up $1.06 during mid-day trading on Friday, hitting $34.64. 37,566 shares of the stock traded hands, compared to its average volume of 128,485. The stock has a fifty day moving average price of $31.05 and a 200-day moving average price of $28.31. Erste Group Bank has a 52 week low of $19.89 and a 52 week high of $34.74. The company has a market cap of $28.44 billion, a price-to-earnings ratio of 8.57, a PEG ratio of 1.03 and a beta of 1.25.

Analyst Ratings Changes

Several research firms have recently weighed in on EBKDY. Keefe, Bruyette & Woods raised Erste Group Bank from a “moderate sell” rating to a “hold” rating in a report on Friday, November 22nd. The Goldman Sachs Group upgraded Erste Group Bank from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 11th.

About Erste Group Bank

Erste Group Bank AG provides a range of banking and other financial services to retail, corporate, and public sector customers. The company operates through Retail, Corporates, Group Markets, Asset/Liability Management & Local Corporate Center, Savings Banks, and Group Corporate Center segments. It provides mortgage and consumer loans, investment products, current accounts, savings products, and credit cards, as well as cross selling products, such as leasing, insurance, and building society products.