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

Erste Group Bank AG (OTCMKTS:EBKDY) was the recipient of a significant growth in short interest in March. As of March 15th, there was short interest totalling 8,800 shares, a growth of 780.0% from the February 28th total of 1,000 shares. Based on an average daily volume of 72,400 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

Analysts Set New Price Targets

EBKDY has been the subject of several recent analyst reports. UBS Group downgraded shares of Erste Group Bank from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 4th. Citigroup downgraded shares of Erste Group Bank from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 10th. Morgan Stanley reiterated an “overweight” rating on shares of Erste Group Bank in a research report on Friday, March 7th. Finally, The Goldman Sachs Group raised Erste Group Bank from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 11th. Four analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Erste Group Bank has a consensus rating of “Moderate Buy”.

Erste Group Bank Stock Performance

Erste Group Bank stock traded up $0.28 during midday trading on Thursday, hitting $36.86. 50,170 shares of the company’s stock were exchanged, compared to its average volume of 73,512. The firm’s 50 day simple moving average is $34.18 and its 200 day simple moving average is $30.28. Erste Group Bank has a 12-month low of $21.67 and a 12-month high of $37.36. The stock has a market cap of $30.26 billion, a price-to-earnings ratio of 9.12, a price-to-earnings-growth ratio of 1.08 and a beta of 1.24.

Erste Group Bank Company Profile

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.