Raiffeisen Bank International AG (OTCMKTS:RAIFF) Short Interest Up 259.4% in March

Raiffeisen Bank International AG (OTCMKTS:RAIFF) was the target of a significant growth in short interest during the month of March. As of March 13th, there was short interest totaling 151,455 shares, a growth of 259.4% from the February 26th total of 42,142 shares. Based on an average daily trading volume, of 2,511 shares, the short-interest ratio is presently 60.3 days.

Analysts Set New Price Targets

Several brokerages recently weighed in on RAIFF. Citigroup reissued a “neutral” rating on shares of Raiffeisen Bank International in a research report on Wednesday, February 4th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Raiffeisen Bank International in a research report on Monday, January 26th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

Raiffeisen Bank International Stock Performance

RAIFF opened at $45.00 on Thursday. The company’s 50-day simple moving average is $45.35 and its two-hundred day simple moving average is $39.63. Raiffeisen Bank International has a 52-week low of $27.79 and a 52-week high of $52.59.

Raiffeisen Bank International Company Profile

Raiffeisen Bank International (OTCMKTS:RAIFF) is an Austrian banking group headquartered in Vienna, serving as the central and eastern European platform of the Raiffeisen Banking Group. The bank offers a comprehensive suite of financial services to retail, corporate and institutional clients, leveraging its strong regional presence to facilitate trade, investment and day-to-day banking needs.

In its corporate and investment banking division, Raiffeisen Bank International provides lending, trade finance, project financing, cash management and capital markets services.