TBC Bank Group PLC (OTCMKTS:TBCCF) Sees Significant Growth in Short Interest

TBC Bank Group PLC (OTCMKTS:TBCCF) was the recipient of a large growth in short interest during the month of December. As of December 31st, there was short interest totaling 811 shares, a growth of 60.9% from the December 15th total of 504 shares. Based on an average daily trading volume, of 4,524 shares, the short-interest ratio is currently 0.2 days. Based on an average daily trading volume, of 4,524 shares, the short-interest ratio is currently 0.2 days.

TBC Bank Group Price Performance

Shares of TBCCF opened at $54.50 on Friday. TBC Bank Group has a 1-year low of $43.00 and a 1-year high of $65.00. The firm has a fifty day moving average price of $53.25 and a 200 day moving average price of $58.87.

About TBC Bank Group

TBC Bank Group PLC is a leading banking and financial services organization headquartered in Tbilisi, Georgia. Established in the mid-1990s as a local commercial bank, the group has grown through organic expansion and strategic acquisitions to become one of the largest financial institutions in the South Caucasus region. In 2014, TBC Bank Group PLC completed a successful initial public offering on the London Stock Exchange, broadening its investor base while retaining a principal listing on the Georgian Stock Exchange and an over-the-counter presence in the United States under the symbol TBCCF.

The group provides a comprehensive suite of retail, corporate and investment banking services.