Erste Group Bank AG (OTCMKTS:EBKDY) Sees Significant Drop in Short Interest

Erste Group Bank AG (OTCMKTS:EBKDY) saw a significant decrease in short interest during the month of April. As of April 15th, there was short interest totaling 2,414 shares, a decrease of 87.3% from the March 31st total of 19,010 shares. Based on an average daily trading volume, of 121,670 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Zacks Research cut shares of Erste Group Bank from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Erste Group Bank in a research report on Friday, April 17th. Finally, Citigroup raised Erste Group Bank to a “strong-buy” rating in a research report on Wednesday, February 11th. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Erste Group Bank Stock Performance

EBKDY stock traded up $0.27 during mid-day trading on Friday, reaching $58.73. The company had a trading volume of 44,995 shares, compared to its average volume of 68,410. The firm has a fifty day simple moving average of $57.47 and a 200 day simple moving average of $56.87. The company has a market capitalization of $45.62 billion, a price-to-earnings ratio of 12.55, a price-to-earnings-growth ratio of 0.59 and a beta of 0.89. Erste Group Bank has a fifty-two week low of $32.89 and a fifty-two week high of $66.88.

About Erste Group Bank

Erste Group Bank AG is an Austrian banking group headquartered in Vienna that operates as a universal bank serving retail, corporate and institutional customers. The group offers a broad range of financial services including deposit-taking, lending, mortgage financing, payment and transaction banking, and wealth management. Erste Group also provides capital markets services, corporate and investment banking solutions, and a range of insurance and pension-linked products through partnerships and subsidiary operations.

Erste Group maintains a significant regional presence beyond Austria, with operations across several Central and Eastern European countries.