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

ABN AMRO Bank (OTCMKTS:AAVMY – Get Rating) was the recipient of a large decrease in short interest in the month of May. As of May 15th, there was short interest totalling 6,200 shares, a decrease of 66.8% from the April 30th total of 18,700 shares. Based on an average daily trading volume, of 98,400 shares, the days-to-cover ratio is presently 0.1 days.

Shares of ABN AMRO Bank stock opened at $11.32 on Thursday. ABN AMRO Bank has a 52-week low of $10.23 and a 52-week high of $17.52. The firm has a 50-day moving average of $12.38 and a 200-day moving average of $13.83.

Several research analysts have recently commented on AAVMY shares. AlphaValue lowered shares of ABN AMRO Bank to a “reduce” rating in a research note on Wednesday, March 23rd. Credit Suisse Group reduced their price objective on shares of ABN AMRO Bank from €13.50 ($14.36) to €13.00 ($13.83) in a report on Thursday, May 19th. Exane BNP Paribas upgraded shares of ABN AMRO Bank from an “underperform” rating to a “neutral” rating and set a €13.80 ($14.68) target price for the company in a research report on Thursday, May 19th. Kepler Capital Markets cut shares of ABN AMRO Bank from a “buy” rating to a “hold” rating in a research report on Thursday, May 19th. Finally, Morgan Stanley reduced their price objective on shares of ABN AMRO Bank from €15.00 ($15.96) to €14.00 ($14.89) and set an “equal weight” rating on the stock in a research note on Thursday, March 24th. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $12.63.

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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