Short Interest in Close Brothers Group plc (OTCMKTS:CBGPY) Decreases By 31.0%

Close Brothers Group plc (OTCMKTS:CBGPY – Get Rating) was the recipient of a significant decrease in short interest in the month of April. As of April 30th, there was short interest totalling 5,800 shares, a decrease of 31.0% from the April 15th total of 8,400 shares. Based on an average daily trading volume, of 49,200 shares, the short-interest ratio is currently 0.1 days.

Shares of CBGPY opened at $26.24 on Friday. The firm’s 50 day simple moving average is $29.91 and its 200 day simple moving average is $34.09. Close Brothers Group has a 1-year low of $24.56 and a 1-year high of $50.46.

The business also recently announced a dividend, which was paid on Thursday, May 12th. Investors of record on Monday, March 28th were paid a $0.5254 dividend. This represents a yield of 5.11%. The ex-dividend date was Friday, March 25th.

Several equities research analysts have recently weighed in on CBGPY shares. JPMorgan Chase & Co. decreased their price target on Close Brothers Group from GBX 1,540 ($18.99) to GBX 1,370 ($16.89) 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 analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, Close Brothers Group currently has an average rating of “Hold” and a consensus price target of $1,370.00.

About Close Brothers Group (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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