National Bank of Greece S.A. (OTCMKTS:NBGIF) Stock Short Interest Falls 79.0%

National Bank of Greece S.A. (OTCMKTS:NBGIF) was the recipient of a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 3,453 shares, a drop of 79.0% from the September 30th total of 16,415 shares. Based on an average daily volume of 2,486 shares, the short-interest ratio is presently 1.4 days.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of National Bank of Greece in a report on Friday, September 4th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

National Bank of Greece Stock Performance

Shares of NBGIF stock opened at $16.30 on Tuesday. The stock has a 50 day moving average of $19.15 and a 200 day moving average of $17.46. National Bank of Greece has a twelve month low of $12.95 and a twelve month high of $20.95.

National Bank of Greece Company Profile

National Bank of Greece SA is a financial institution headquartered in Athens and one of Greece’s largest banking organizations. Founded in 1841, it provides banking and financial services to individuals, businesses, and institutional customers, with its principal operations focused on the Greek market.

The bank offers deposit accounts, consumer and mortgage lending, payment services, credit and debit cards, wealth management, insurance-related products, and digital banking services. It also provides corporate and investment banking, including business loans, cash-management services, capital-markets support, and other financing solutions for companies and public-sector entities.

National Bank of Greece has historically maintained an international presence in Southeastern Europe and other markets through subsidiaries and branches, although its operations have become increasingly concentrated in Greece following the divestment or restructuring of several overseas businesses.