AIB Group plc (OTCMKTS:AIBRF) Short Interest Down 98.2% in May

AIB Group plc (OTCMKTS:AIBRF) was the target of a significant decline in short interest in May. As of May 29th, there was short interest totaling 39,069 shares, a decline of 98.2% from the May 14th total of 2,177,648 shares. Based on an average daily volume of 1,984 shares, the days-to-cover ratio is currently 19.7 days.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of AIB Group in a report on Monday, April 13th. Royal Bank Of Canada restated a “sector perform” rating on shares of AIB Group in a report on Thursday, May 7th. Finally, Citigroup restated a “buy” rating on shares of AIB Group in a report on Monday, April 13th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

AIB Group Stock Performance

OTCMKTS:AIBRF remained flat at $11.37 during midday trading on Tuesday. 2,734 shares of the company traded hands, compared to its average volume of 3,179. AIB Group has a one year low of $7.35 and a one year high of $12.04. The company’s fifty day simple moving average is $11.14 and its 200 day simple moving average is $10.69.

AIB Group Company Profile

AIB Group plc is a leading commercial bank headquartered in Dublin, Ireland, offering a broad range of banking and financial services to personal, business, and corporate customers. Tracing its modern roots to the 1966 merger of three Irish banks—Allied Irish Banks, Provincial Bank of Ireland and Royal Bank of Ireland—AIB has evolved into one of Ireland’s “Big Four” banks. Its shares trade on the Irish Stock Exchange and, in the United States, in the form of American Depositary Receipts under the ticker AIBRF on the OTC Markets.

The bank’s core business activities include retail and private banking, corporate and institutional banking, and treasury services.