Short Interest in Raiffeisen Bank International AG (OTCMKTS:RAIFF) Decreases By 51.0%

Raiffeisen Bank International AG (OTCMKTS:RAIFF) saw a large drop in short interest during the month of May. As of May 15th, there was short interest totaling 41,152 shares, a drop of 51.0% from the April 30th total of 83,956 shares. Based on an average daily volume of 602 shares, the days-to-cover ratio is currently 68.4 days.

Raiffeisen Bank International Stock Performance

Raiffeisen Bank International stock opened at $53.30 on Wednesday. The stock has a fifty day moving average price of $48.11 and a 200 day moving average price of $44.25. Raiffeisen Bank International has a 52 week low of $27.79 and a 52 week high of $53.30.

Wall Street Analysts Forecast Growth

Separately, Citigroup restated a “neutral” rating on shares of Raiffeisen Bank International in a research note on Wednesday, February 4th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold”.

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.