Erste Group Bank AG (OTCMKTS:EBKDY) Short Interest Update

Erste Group Bank AG (OTCMKTS:EBKDY) saw a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 7,000 shares, an increase of 2,233.3% from the January 15th total of 300 shares. Based on an average daily volume of 326,000 shares, the short-interest ratio is currently 0.0 days.

Erste Group Bank Stock Up 3.4 %

Shares of EBKDY traded up $1.08 during mid-day trading on Wednesday, reaching $33.08. 29,482 shares of the stock traded hands, compared to its average volume of 128,485. The stock has a fifty day simple moving average of $30.83 and a 200 day simple moving average of $28.23. Erste Group Bank has a 12-month low of $19.89 and a 12-month high of $33.33. The firm has a market cap of $27.16 billion, a price-to-earnings ratio of 8.19, a P/E/G ratio of 1.03 and a beta of 1.25.

Analysts Set New Price Targets

EBKDY has been the topic of a number of recent research reports. The Goldman Sachs Group raised shares of Erste Group Bank from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 11th. Keefe, Bruyette & Woods raised Erste Group Bank from a “moderate sell” rating to a “hold” rating in a research report on Friday, November 22nd.

About Erste Group Bank

Erste Group Bank AG provides a range of banking and other financial services to retail, corporate, and public sector customers. The company operates through Retail, Corporates, Group Markets, Asset/Liability Management & Local Corporate Center, Savings Banks, and Group Corporate Center segments. It provides mortgage and consumer loans, investment products, current accounts, savings products, and credit cards, as well as cross selling products, such as leasing, insurance, and building society products.