Sberbank of Russia (OTCMKTS:SBRCY) Sees Large Decrease in Short Interest

Sberbank of Russia (OTCMKTS:SBRCYGet Rating) was the target of a large drop in short interest in March. As of March 31st, there was short interest totalling 3,765,800 shares, a drop of 51.5% from the March 15th total of 7,772,200 shares. Based on an average daily trading volume, of 0 shares, the short-interest ratio is presently ∞ days.

SBRCY stock opened at $0.52 on Thursday. The firm has a 50 day moving average of $4.30 and a 200 day moving average of $12.67. Sberbank of Russia has a 52 week low of $0.48 and a 52 week high of $21.63.

Separately, Erste Group cut shares of Sberbank of Russia from a “hold” rating to a “sell” rating in a report on Thursday, February 24th.

About Sberbank of Russia (Get Rating)

Sberbank of Russia, together with its subsidiaries, provides corporate and retail banking products and services to individuals, small businesses, corporate clients, and financial institutions. The company offers deposit products; pension accounts; payment, transfer, brokerage, and asset management services; car, housing, education, and consumer loans; mortgages; debit and credit cards, and overdraft service; and refinancing products.

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