Cembra Money Bank AG (OTCMKTS:CMBNF) Sees Large Drop in Short Interest

Cembra Money Bank AG (OTCMKTS:CMBNF) saw a significant drop in short interest in January. As of January 30th, there was short interest totaling 5,801 shares, a drop of 42.8% from the January 15th total of 10,145 shares. Based on an average daily trading volume, of 40 shares, the short-interest ratio is presently 145.0 days. Based on an average daily trading volume, of 40 shares, the short-interest ratio is presently 145.0 days.

Cembra Money Bank Stock Performance

CMBNF stock opened at C$125.55 on Friday. The company’s 50 day simple moving average is C$102.27 and its 200-day simple moving average is C$95.14. Cembra Money Bank has a 12 month low of C$91.31 and a 12 month high of C$125.55.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Cembra Money Bank in a research note on Wednesday, January 14th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

Cembra Money Bank Company Profile

Cembra Money Bank AG is a Swiss consumer finance provider headquartered in Zurich, offering a range of credit and savings solutions to private individuals and small to medium-sized enterprises. The company’s core business activities include the origination and servicing of personal loans, leasing products, credit cards and savings deposits. Through its subsidiaries and digital platforms, Cembra delivers financing options for new and used vehicles as well as unsecured personal lines of credit, complemented by a suite of savings accounts designed to attract retail deposits.

The institution traces its roots to the consumer finance arm of Swiss Life, which was acquired by GE Capital in the early 2000s and subsequently rebranded.