AIB Group plc (OTCMKTS:AIBRF) Short Interest Up 42.0% in March

AIB Group plc (OTCMKTS:AIBRF) was the target of a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 492,000 shares, an increase of 42.0% from the February 28th total of 346,500 shares. Based on an average daily volume of 6,500 shares, the days-to-cover ratio is presently 75.7 days.

Analyst Ratings Changes

AIBRF has been the subject of a number of recent analyst reports. Morgan Stanley reaffirmed an “underweight” rating on shares of AIB Group in a report on Friday, March 7th. Royal Bank of Canada restated a “sector perform” rating on shares of AIB Group in a research report on Tuesday, March 11th.

AIB Group Price Performance

Shares of OTCMKTS:AIBRF opened at $6.49 on Monday. The stock has a 50 day moving average price of $6.61 and a 200-day moving average price of $5.93. AIB Group has a 52-week low of $4.95 and a 52-week high of $7.65.

About AIB Group

AIB Group plc provides banking and financial products and services to retail, business, and corporate customers in the Republic of Ireland and the United Kingdom. It operates through Retail Banking, AIB Capital Markets, and AIB UK, and Group segments. The company offers current and savings accounts, demand deposits, notice deposits, fixed term deposits, junior/student saver deposits, and currency deposits.