Julius Bär Gruppe AG (OTCMKTS:JBAXY) Sees Significant Drop in Short Interest

Julius Bär Gruppe AG (OTCMKTS:JBAXY) saw a significant drop in short interest in September. As of September 30th, there was short interest totaling 38,900 shares, a drop of 29.1% from the September 15th total of 54,900 shares. Based on an average trading volume of 132,000 shares, the days-to-cover ratio is currently 0.3 days. Based on an average trading volume of 132,000 shares, the days-to-cover ratio is currently 0.3 days.

Julius Bär Gruppe Price Performance

JBAXY stock opened at $13.25 on Friday. Julius Bär Gruppe has a twelve month low of $11.05 and a twelve month high of $14.95. The firm has a 50 day simple moving average of $14.00 and a 200-day simple moving average of $13.44.

Analyst Ratings Changes

Separately, Barclays downgraded shares of Julius Bär Gruppe from a “strong-buy” rating to a “hold” rating in a research report on Sunday, July 27th. One analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Julius Bär Gruppe Company Profile

Julius Bär Gruppe AG provides wealth management solutions in Switzerland, Europe, the Americas, Asia, and internationally. The company offers investment advisory and discretionary mandates; structured products, securities execution and advisory, private markets and fund offering; wealth planning, family office services; asset servicing, and lombard lending solutions.