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

Erste Group Bank AG (OTCMKTS:EBKDY) was the recipient of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 8,800 shares, an increase 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. Currently, 0.0% of the shares of the company are sold short.

Analysts Set New Price Targets

EBKDY has been the subject of a number of research analyst reports. Citigroup lowered shares of Erste Group Bank from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 10th. The Goldman Sachs Group upgraded Erste Group Bank from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 11th. UBS Group cut Erste Group Bank from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 4th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Erste Group Bank in a research report on Friday, March 7th. Four research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Erste Group Bank Stock Up 0.8 %

OTCMKTS:EBKDY opened at $36.86 on Friday. The firm has a market capitalization of $30.26 billion, a PE ratio of 9.12, a price-to-earnings-growth ratio of 1.08 and a beta of 1.24. Erste Group Bank has a 12-month low of $21.67 and a 12-month high of $37.36. The firm has a 50-day moving average price of $34.29 and a 200 day moving average price of $30.32.

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.