Short Interest in Bank of Ireland Group plc (OTCMKTS:BKRIY) Drops By 99.7%

Bank of Ireland Group plc (OTCMKTS:BKRIYGet Rating) was the target of a large decrease in short interest during the month of April. As of April 30th, there was short interest totalling 100 shares, a decrease of 99.7% from the April 15th total of 28,800 shares. Based on an average daily volume of 15,800 shares, the short-interest ratio is presently 0.0 days.

Shares of Bank of Ireland Group stock traded down $0.02 during midday trading on Wednesday, hitting $5.68. The company had a trading volume of 496 shares, compared to its average volume of 4,149. The company has a 50 day moving average of $6.41 and a 200 day moving average of $6.30. Bank of Ireland Group has a 52-week low of $4.66 and a 52-week high of $7.77.

A number of research firms have commented on BKRIY. Keefe, Bruyette & Woods lowered Bank of Ireland Group from an “outperform” rating to an “underperform” rating in a research report on Wednesday, April 27th. Morgan Stanley upped their target price on Bank of Ireland Group from €6.00 ($6.32) to €7.00 ($7.37) in a report on Tuesday, February 15th. AlphaValue downgraded Bank of Ireland Group to a “sell” rating in a report on Tuesday, March 15th. JPMorgan Chase & Co. reduced their target price on Bank of Ireland Group from €6.60 ($6.95) to €5.80 ($6.11) and set a “neutral” rating on the stock in a report on Monday, March 14th. Finally, Berenberg Bank upgraded Bank of Ireland Group from a “hold” rating to a “buy” rating in a report on Tuesday, April 12th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Bank of Ireland Group presently has a consensus rating of “Hold” and an average price target of $6.33.

About Bank of Ireland Group (Get Rating)

Bank of Ireland Group plc provides various banking and financial products and services. The company operates through Retail Ireland, Wealth and Insurance, Retail UK, and Corporate and Treasury segments. It provides current and savings accounts, and business deposits and accounts; personal, car, home improvement, graduate, and student loans, as well as overdrafts; and business and farming loans, BREXIT loans, invoice finance, hire purchase, and leasing services.

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