Close Brothers Group plc (OTCMKTS:CBGPY) Sees Large Growth in Short Interest

Close Brothers Group plc (OTCMKTS:CBGPY) was the recipient of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 1,861 shares. Based on an average daily trading volume, of 520 shares, the days-to-cover ratio is currently 3.6 days.

Close Brothers Group Price Performance

Shares of CBGPY opened at $10.30 on Friday. Close Brothers Group has a 1-year low of $9.04 and a 1-year high of $14.33. The business’s 50-day moving average price is $10.83 and its 200 day moving average price is $11.75.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada restated a “sector perform” rating on shares of Close Brothers Group in a research report on Thursday, October 1st. One investment analyst has rated the stock with a Hold rating. According to data from MarketBeat, the company presently has an average rating of “Hold”.

Close Brothers Group Company Profile

Close Brothers Group plc is a United Kingdom-based specialist financial services company. Founded in 1878, the group provides banking, asset management and securities services primarily to businesses, individuals and professional investors in the UK.

Through Close Brothers Banking, the company offers relationship-based lending and deposit services, including finance for small and medium-sized enterprises, property-related lending, asset finance and motor finance. Its approach is focused on serving niche markets and customers who may require tailored financial solutions.

Close Brothers Asset Management provides financial planning, investment management and wealth management services to private clients, families, businesses and trustees.