Julius Bär Gruppe AG (OTCMKTS:JBAXY – Get Free Report) was the recipient of a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 40,255 shares, a growth of 1,117.6% from the May 14th total of 3,306 shares. Based on an average trading volume of 624,631 shares, the short-interest ratio is presently 0.1 days.
Julius Bär Gruppe Stock Performance
Shares of Julius Bär Gruppe stock traded up $0.01 on Thursday, hitting $15.79. 15,924 shares of the company traded hands, compared to its average volume of 120,858. The firm’s 50-day simple moving average is $16.17 and its 200 day simple moving average is $15.94. Julius Bär Gruppe has a 12-month low of $12.43 and a 12-month high of $17.70.
Wall Street Analysts Forecast Growth
JBAXY has been the topic of a number of recent research reports. Zacks Research cut shares of Julius Bär Gruppe from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 17th. Citigroup upgraded shares of Julius Bär Gruppe from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 22nd. Finally, Barclays upgraded shares of Julius Bär Gruppe from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 20th. Two investment analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy”.
About Julius Bär Gruppe
Julius Bär Gruppe (OTCMKTS: JBAXY) is a Swiss global wealth manager headquartered in Zurich. The group specialises in private banking and asset management services for high-net-worth individuals and families. With a client-centric approach, Julius Bär offers tailored investment solutions designed to preserve and grow clients’ wealth over the long term.
The firm’s core services include discretionary and advisory portfolio management, wealth planning, lending and credit facilities, customised trading solutions and family office services.
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