Erste Group Bank AG (OTCMKTS:EBKDY) Short Interest Update

Erste Group Bank AG (OTCMKTS:EBKDY) saw a large increase in short interest in March. As of March 13th, there was short interest totaling 37,881 shares, an increase of 368.3% from the February 26th total of 8,089 shares. Based on an average trading volume of 267,153 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 267,153 shares, the short-interest ratio is presently 0.1 days.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on EBKDY shares. Zacks Research upgraded Erste Group Bank from a “hold” rating to a “strong-buy” rating in a report on Monday, February 2nd. Barclays raised Erste Group Bank from an “equal weight” rating to an “overweight” rating in a report on Tuesday, December 2nd. Finally, Citigroup raised Erste Group Bank to a “strong-buy” rating in a research note on Wednesday, February 11th. Three analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy”.

Erste Group Bank Stock Performance

Shares of Erste Group Bank stock opened at $52.93 on Wednesday. The firm has a market cap of $41.11 billion, a PE ratio of 11.31, a price-to-earnings-growth ratio of 0.51 and a beta of 0.86. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 1.36. Erste Group Bank has a 52 week low of $29.50 and a 52 week high of $66.88. The business’s fifty day simple moving average is $59.98 and its 200-day simple moving average is $55.59.

About Erste Group Bank

Erste Group Bank AG is an Austrian banking group headquartered in Vienna that operates as a universal bank serving retail, corporate and institutional customers. The group offers a broad range of financial services including deposit-taking, lending, mortgage financing, payment and transaction banking, and wealth management. Erste Group also provides capital markets services, corporate and investment banking solutions, and a range of insurance and pension-linked products through partnerships and subsidiary operations.

Erste Group maintains a significant regional presence beyond Austria, with operations across several Central and Eastern European countries.