Concordia Financial Group, Ltd. (OTCMKTS:CRDIY) Sees Significant Drop in Short Interest

Concordia Financial Group, Ltd. (OTCMKTS:CRDIY) saw a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 26,325 shares, a drop of 36.4% from the May 31st total of 41,423 shares. Based on an average daily volume of 19,298 shares, the short-interest ratio is presently 1.4 days. Approximately 0.0% of the shares of the stock are sold short.

Concordia Financial Group Trading Down 1.4%

Shares of Concordia Financial Group stock traded down $0.47 during midday trading on Thursday, hitting $33.20. 21,722 shares of the company traded hands, compared to its average volume of 9,822. The firm’s fifty day moving average price is $30.99 and its 200-day moving average price is $28.92. Concordia Financial Group has a 12 month low of $18.50 and a 12 month high of $39.91.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded Concordia Financial Group to a “hold” rating in a research report on Thursday, April 9th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

About Concordia Financial Group

Concordia Financial Group, Inc is a regional financial holding company headquartered in Japan’s Kanto region. Established in March 2015 through the merger of two regional banks, the company provides banking and financial services under its principal operating subsidiaries, The Joyo Bank, Ltd. and Ibaraki Bank, Ltd. As a bank holding company, Concordia Financial Group oversees strategic planning, risk management and corporate governance for its banking operations.

The group’s core business activities encompass deposit-taking, lending, foreign exchange, trade finance and cash management services for both individual and corporate clients.