Close Brothers Group plc (OTCMKTS:CBGPF) Sees Large Decrease in Short Interest

Close Brothers Group plc (OTCMKTS:CBGPF) was the target of a significant drop in short interest during the month of February. As of February 15th, there was short interest totalling 33,300 shares, a drop of 92.1% from the January 31st total of 423,300 shares. Based on an average trading volume of 100 shares, the short-interest ratio is currently 333.0 days.

Close Brothers Group Stock Performance

OTCMKTS CBGPF remained flat at $3.53 during mid-day trading on Thursday. The business’s 50 day moving average price is $2.98 and its two-hundred day moving average price is $5.57. Close Brothers Group has a 12 month low of $2.42 and a 12 month high of $3.53.

Close Brothers Group Company Profile

Close Brothers Group plc, a merchant banking company, engages in the provision of financial services to small businesses and individuals in the United Kingdom. It operates through five segments: Commercial, Retail, Property, Asset Management, and Securities. The company offers banking services comprising of debt factoring, invoice discounting, asset-based lending; financing for SMEs, residential housing, transport, industrial equipment, renewable energy, motorcycle, used car, and commercial vehicle financing; insurance, refurbishment, and bridging financing, savings products for individuals and corporates, hire purchase, lease, and loan related services.