Raiffeisen Bank International AG (OTCMKTS:RAIFY) Short Interest Up 1,509.1% in March

Raiffeisen Bank International AG (OTCMKTS:RAIFY) saw a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 17,700 shares, a growth of 1,509.1% from the February 28th total of 1,100 shares. Based on an average daily volume of 15,600 shares, the days-to-cover ratio is currently 1.1 days. Approximately 0.0% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

Separately, Barclays upgraded shares of Raiffeisen Bank International to a “strong-buy” rating in a research note on Monday, February 10th.

Raiffeisen Bank International Trading Up 1.6 %

RAIFY traded up $0.11 during trading on Thursday, hitting $7.05. 169 shares of the company’s stock traded hands, compared to its average volume of 22,306. The stock has a market capitalization of $9.28 billion, a price-to-earnings ratio of 3.79 and a beta of 1.49. The company’s 50 day simple moving average is $6.32 and its two-hundred day simple moving average is $5.36. Raiffeisen Bank International has a 12-month low of $3.93 and a 12-month high of $7.25.

Raiffeisen Bank International Increases Dividend

The business also recently announced a dividend, which will be paid on Thursday, April 17th. Shareholders of record on Tuesday, April 1st will be paid a dividend of $0.2983 per share. The ex-dividend date of this dividend is Tuesday, April 1st. This is a positive change from Raiffeisen Bank International’s previous dividend of $0.22. Raiffeisen Bank International’s payout ratio is currently 9.14%.

Raiffeisen Bank International Company Profile

Raiffeisen Bank International AG, together with its subsidiaries, offers banking services to corporate, private customers, and institutional customers. The company offers cash management, cross border accounts, electronic banking, payments solutions, sustainable and subsidized financing, leveraged and acquisition financing, project and structured financing, real estate financing, leasing, factoring, trade and export financing, investment banking, investing, hedging, and investor services to its institutional clients and corporate customers in agri food and beverage, automotive, construction and building materials, food and beverage, healthcare and pharmaceuticals, oil and gas, packaging, real estate, retail, technology, telecom, and utilities industries.