Close Brothers Group plc (OTCMKTS:CBGPY) Short Interest Down 96.4% in May

Close Brothers Group plc (OTCMKTS:CBGPY – Get Rating) was the recipient of a significant decrease in short interest in May. As of May 31st, there was short interest totalling 100 shares, a decrease of 96.4% from the May 15th total of 2,800 shares. Based on an average daily volume of 76,300 shares, the short-interest ratio is presently 0.0 days.

Separately, JPMorgan Chase & Co. reduced their price objective on shares of Close Brothers Group from GBX 1,540 ($19.30) to GBX 1,370 ($17.17) in a research note on Wednesday, March 16th.

CBGPY traded down $0.44 during trading on Friday, hitting $26.13. 2,403 shares of the company traded hands, compared to its average volume of 25,246. The stock’s 50-day simple moving average is $28.36 and its two-hundred day simple moving average is $32.57. Close Brothers Group has a 1 year low of $24.56 and a 1 year high of $48.21.

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

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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