Short Interest in Concordia Financial Group, Ltd. (OTCMKTS:CRDIY) Increases By 329.0%

Concordia Financial Group, Ltd. (OTCMKTS:CRDIY) saw a significant growth in short interest in May. As of May 29th, there was short interest totaling 41,423 shares, a growth of 329.0% from the May 14th total of 9,656 shares. Based on an average trading volume of 26,453 shares, the short-interest ratio is presently 1.6 days. Approximately 0.0% of the shares of the stock are short sold.

Concordia Financial Group Trading Up 1.6%

CRDIY traded up $0.49 during trading on Thursday, reaching $31.75. 10,657 shares of the company traded hands, compared to its average volume of 10,157. Concordia Financial Group has a 12-month low of $18.50 and a 12-month high of $39.91. The firm has a fifty day simple moving average of $29.65 and a 200 day simple moving average of $27.95.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of Concordia Financial Group to a “hold” rating in a research report on Thursday, April 9th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of “Hold”.

Concordia Financial Group Company Profile

Concordia Financial Group, Inc is a regional financial holding company headquartered in Japan’s Kanto region. Established in March 2015 through the merger of two regional banks, the company provides banking and financial services under its principal operating subsidiaries, The Joyo Bank, Ltd. and Ibaraki Bank, Ltd. As a bank holding company, Concordia Financial Group oversees strategic planning, risk management and corporate governance for its banking operations.

The group’s core business activities encompass deposit-taking, lending, foreign exchange, trade finance and cash management services for both individual and corporate clients.