Short Interest in Julius Bär Gruppe AG (OTCMKTS:JBAXY) Expands By 849.0%

Julius Bär Gruppe AG (OTCMKTS:JBAXYGet Rating) was the target of a large growth in short interest in April. As of April 15th, there was short interest totalling 94,900 shares, a growth of 849.0% from the March 31st total of 10,000 shares. Based on an average daily volume of 295,400 shares, the days-to-cover ratio is currently 0.3 days.

Shares of OTCMKTS:JBAXY remained flat at $$9.70 during trading on Wednesday. The stock had a trading volume of 146,817 shares, compared to its average volume of 209,739. Julius Bär Gruppe has a 52-week low of $9.43 and a 52-week high of $14.73. The firm’s 50-day simple moving average is $11.07 and its two-hundred day simple moving average is $12.57.

The firm also recently declared a dividend, which will be paid on Wednesday, May 4th. Investors of record on Tuesday, April 19th will be paid a $0.162 dividend. This represents a yield of 3.22%. The ex-dividend date is Monday, April 18th.

A number of equities analysts have issued reports on the stock. UBS Group cut their price objective on shares of Julius Bär Gruppe from CHF 75 to CHF 67 in a report on Friday, March 11th. Societe Generale raised shares of Julius Bär Gruppe from a “hold” rating to a “buy” rating in a report on Thursday, April 7th. Credit Suisse Group dropped their price objective on shares of Julius Bär Gruppe from CHF 72 to CHF 70 in a report on Thursday, February 3rd. Deutsche Bank Aktiengesellschaft raised shares of Julius Bär Gruppe from a “hold” rating to a “buy” rating in a report on Thursday, April 7th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Julius Bär Gruppe from CHF 71 to CHF 63 in a report on Monday, March 14th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $66.00.

Julius Bär Gruppe Company Profile (Get Rating)

Julius Bär Gruppe AG provides wealth management solutions in Switzerland, Europe, Americas, Asia, and internationally. Its solutions include discretionary mandates, investment advisory mandates, securities execution and advisory, foreign exchange and precious metals, family office services, Lombard lending, structured products, global custody, real estate advisory and financing, and wealth planning.

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