Julius Bär Gruppe AG (OTCMKTS:JBAXY) Short Interest Update

Julius Bär Gruppe AG (OTCMKTS:JBAXY) was the target of a large decline in short interest in the month of June. As of June 30th, there was short interest totaling 8,534 shares, a decline of 75.4% from the June 15th total of 34,740 shares. Based on an average daily volume of 102,038 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on JBAXY shares. 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. Keefe, Bruyette & Woods cut shares of Julius Bär Gruppe from a “hold” rating to a “moderate sell” rating in a report on Friday, June 19th. Citigroup upgraded shares of Julius Bär Gruppe from a “hold” rating to a “strong-buy” rating in a research report 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 analysts have rated the stock with a Strong Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

Julius Bär Gruppe Stock Performance

JBAXY traded down $0.13 during midday trading on Monday, reaching $17.84. The company had a trading volume of 31,704 shares, compared to its average volume of 116,832. The business has a 50-day moving average of $16.82 and a two-hundred day moving average of $16.31. Julius Bär Gruppe has a 1 year low of $13.07 and a 1 year high of $18.44.

Julius Bär Gruppe Company Profile

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.