AIB Group plc (OTCMKTS:AIBRF) Sees Significant Growth in Short Interest

AIB Group plc (OTCMKTS:AIBRF) was the recipient of a significant growth in short interest in the month of March. As of March 31st, there was short interest totalling 844,200 shares, a growth of 71.6% from the March 15th total of 492,000 shares. Based on an average daily volume of 9,900 shares, the short-interest ratio is presently 85.3 days.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on AIBRF shares. Morgan Stanley reaffirmed an “underweight” rating on shares of AIB Group in a research report on Friday, March 7th. Royal Bank of Canada restated a “sector perform” rating on shares of AIB Group in a report on Tuesday, March 11th.

AIB Group Price Performance

AIBRF stock opened at $6.41 on Friday. AIB Group has a 1-year low of $5.00 and a 1-year high of $7.65. The stock’s fifty day simple moving average is $6.73 and its two-hundred day simple moving average is $5.97.

About AIB Group

AIB Group plc provides banking and financial products and services to retail, business, and corporate customers in the Republic of Ireland and the United Kingdom. It operates through Retail Banking, AIB Capital Markets, and AIB UK, and Group segments. The company offers current and savings accounts, demand deposits, notice deposits, fixed term deposits, junior/student saver deposits, and currency deposits.