Short Interest in ABN AMRO Bank (OTCMKTS:AAVMY) Expands By 78.3%

ABN AMRO Bank (OTCMKTS:AAVMY) was the target of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 10,700 shares, a growth of 78.3% from the February 28th total of 6,000 shares. Based on an average daily volume of 32,400 shares, the short-interest ratio is currently 0.3 days.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley restated an “underweight” rating on shares of ABN AMRO Bank in a research note on Friday, March 7th.

ABN AMRO Bank Stock Down 2.2 %

Shares of ABN AMRO Bank stock opened at $21.24 on Friday. The firm’s fifty day simple moving average is $18.88 and its 200-day simple moving average is $17.18. ABN AMRO Bank has a 12 month low of $14.77 and a 12 month high of $22.09.

About ABN AMRO Bank

ABN AMRO Bank N.V. provides various banking products and financial services to retail, private, and business clients in the Netherlands and internationally. It operates through three segments: Personal & Business Banking, Wealth Management, and Corporate Banking. The company provides savings and deposits products; investment and insurance products; and consumer, personal, car, and home improvement loan.