ABN AMRO Bank (OTCMKTS:AAVMY) Sees Significant Growth in Short Interest

ABN AMRO Bank (OTCMKTS:AAVMYGet Rating) was the target of a large increase in short interest in April. As of April 15th, there was short interest totalling 54,700 shares, an increase of 163.0% from the March 31st total of 20,800 shares. Based on an average daily volume of 78,000 shares, the days-to-cover ratio is currently 0.7 days.

ABN AMRO Bank stock opened at $12.77 on Friday. The firm’s fifty day simple moving average is $12.65 and its 200-day simple moving average is $14.21. ABN AMRO Bank has a 1-year low of $10.23 and a 1-year high of $17.52.

Several equities research analysts recently weighed in on the stock. Morgan Stanley dropped their price objective on shares of ABN AMRO Bank from €15.00 ($16.13) to €14.00 ($15.05) and set an “equal weight” rating on the stock in a research note on Thursday, March 24th. HSBC upgraded shares of ABN AMRO Bank from a “hold” rating to a “buy” rating and dropped their price objective for the stock from €15.00 ($16.13) to €14.00 ($15.05) in a research note on Wednesday, March 16th. JPMorgan Chase & Co. dropped their price objective on shares of ABN AMRO Bank from €13.60 ($14.62) to €11.20 ($12.04) and set an “underweight” rating on the stock in a research note on Monday, March 14th. Berenberg Bank lowered shares of ABN AMRO Bank from a “hold” rating to a “sell” rating and dropped their price target for the company from €12.30 ($13.23) to €10.00 ($10.75) in a research note on Monday, February 28th. Finally, AlphaValue lowered shares of ABN AMRO Bank to a “reduce” rating in a research note on Wednesday, March 23rd. Four analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $12.46.

ABN AMRO Bank Company Profile (Get Rating)

ABN AMRO Bank N.V. provides various banking products and services to retail, private, and business clients in the Netherlands and internationally. It operates through three segments: Personal & Business Banking, Wealth Management, and Corporate Banking. The company provides savings and deposits products; labelled residential mortgage products under the Florius brands; and consumer loans under the Alpha Credit Nederland, Credivance, Defam, Moneyou, and ABN AMRO brands.

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