Julius Bär Gruppe AG (OTCMKTS:JBAXY) Shares Shorted: Short Interest Down 85.4% in October

Julius Bär Gruppe AG (OTCMKTS:JBAXY) was the recipient of a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 42,845 shares, a decrease of 85.4% from the September 30th total of 292,959 shares. Based on an average daily volume of 155,250 shares, the days-to-cover ratio is currently 0.3 days.

Julius Bär Gruppe Trading Up 1.0%

Shares of JBAXY stock opened at $16.51 on Tuesday. Julius Bär Gruppe has a 12 month low of $13.16 and a 12 month high of $18.93. The business’s 50 day moving average is $17.77 and its two-hundred day moving average is $16.88.

Julius Bär Gruppe announced that its Board of Directors has authorized a share buyback program on Friday, October 2nd that permits the company to repurchase shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

Julius Bär Gruppe Company Profile

Julius Bär Gruppe AG is a Swiss private banking group headquartered in Zurich. Founded in 1890, the company focuses on wealth management and serves private clients, entrepreneurs, family offices and selected institutional clients.

Its services include investment advisory and discretionary portfolio management, wealth planning, financing and lending, securities and foreign-exchange services, and access to structured products and other investment solutions. Julius Baer’s offerings are designed to address clients’ investment, succession-planning and broader wealth-management needs.

The group serves clients through a network spanning Switzerland, Europe, the Americas, Asia-Pacific and the Middle East.