Erste Group Bank AG (OTCMKTS:EBKDY) Sees Large Increase in Short Interest

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

Erste Group Bank Stock Performance

Erste Group Bank stock opened at $33.58 on Thursday. The stock’s 50 day simple moving average is $30.83 and its two-hundred day simple moving average is $28.23. The stock has a market cap of $27.57 billion, a price-to-earnings ratio of 8.31, a PEG ratio of 1.03 and a beta of 1.25. Erste Group Bank has a fifty-two week low of $19.89 and a fifty-two week high of $33.70.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Keefe, Bruyette & Woods raised Erste Group Bank from a “moderate sell” rating to a “hold” rating in a research note on Friday, November 22nd. The Goldman Sachs Group raised Erste Group Bank from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 11th.

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.