Julius Bär Gruppe AG (OTCMKTS:JBAXY) Sees Large Decline in Short Interest

Julius Bär Gruppe AG (OTCMKTS:JBAXY) saw a large decrease in short interest during the month of May. As of May 15th, there was short interest totaling 3,306 shares, a decrease of 75.5% from the April 30th total of 13,483 shares. Based on an average daily volume of 98,838 shares, the days-to-cover ratio is currently 0.0 days.

Analyst Upgrades and Downgrades

JBAXY has been the topic of several analyst reports. Barclays upgraded shares of Julius Bär Gruppe from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 20th. 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, Zacks Research lowered shares of Julius Bär Gruppe from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 17th. Two research analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Julius Bär Gruppe has an average rating of “Buy”.

Julius Bär Gruppe Price Performance

Shares of OTCMKTS:JBAXY traded up $0.25 during midday trading on Friday, reaching $16.23. 209,763 shares of the company’s stock were exchanged, compared to its average volume of 100,367. The company’s 50 day simple moving average is $15.87 and its two-hundred day simple moving average is $15.82. Julius Bär Gruppe has a 12 month low of $12.43 and a 12 month high of $17.70.

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.