Close Brothers Group plc (OTCMKTS:CBGPY) Short Interest Update

Close Brothers Group plc (OTCMKTS:CBGPYGet Rating) saw a significant growth in short interest during the month of March. As of March 31st, there was short interest totalling 17,900 shares, a growth of 3,480.0% from the March 15th total of 500 shares. Based on an average trading volume of 29,600 shares, the days-to-cover ratio is currently 0.6 days.

A number of equities research analysts have issued reports on the company. JPMorgan Chase & Co. decreased their price objective on Close Brothers Group from GBX 1,540 ($20.07) to GBX 1,370 ($17.85) in a research report on Wednesday, March 16th. Investec upgraded Close Brothers Group from a “hold” rating to a “buy” rating in a research report on Monday, January 24th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $1,370.00.

Shares of OTCMKTS:CBGPY opened at $31.68 on Wednesday. The business has a 50 day simple moving average of $32.25 and a two-hundred day simple moving average of $36.36. Close Brothers Group has a 1 year low of $28.00 and a 1 year high of $50.46.

The firm also recently declared a dividend, which will be paid on Thursday, May 12th. Investors of record on Monday, March 28th will be paid a dividend of $0.5254 per share. This represents a dividend yield of 5.11%. The ex-dividend date is Friday, March 25th.

Close Brothers Group Company Profile (Get Rating)

Close Brothers Group plc, a merchant banking company, provides financial services to small businesses and individuals in the United Kingdom. It operates through five segments: Commercial, Retail, Property, Asset Management, and Securities. The company offers various savings products, including personal and business savings, and pension deposits.

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