Raiffeisen Bank International AG (OTCMKTS:RAIFF) Sees Significant Increase in Short Interest

Raiffeisen Bank International AG (OTCMKTS:RAIFF) saw a large growth in short interest during the month of April. As of April 30th, there was short interest totaling 83,956 shares, a growth of 101.8% from the April 15th total of 41,602 shares. Based on an average daily volume of 30 shares, the days-to-cover ratio is currently 2,798.5 days.

Raiffeisen Bank International Price Performance

Shares of RAIFF remained flat at $53.00 during trading on Monday. The firm’s fifty day simple moving average is $46.32 and its 200 day simple moving average is $42.93. Raiffeisen Bank International has a 1 year low of $27.79 and a 1 year high of $53.00.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on RAIFF. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Raiffeisen Bank International in a report on Monday, January 26th. Citigroup reissued a “neutral” rating on shares of Raiffeisen Bank International in a research note on Wednesday, February 4th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Raiffeisen Bank International has an average rating of “Hold”.

About Raiffeisen Bank International

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.