Raiffeisen Bank International AG (OTCMKTS:RAIFF) Sees Large Growth in Short Interest

Raiffeisen Bank International AG (OTCMKTS:RAIFF) was the recipient of a large increase in short interest during the month of March. As of March 13th, there was short interest totaling 151,455 shares, an increase of 259.4% from the February 26th total of 42,142 shares. Based on an average daily trading volume, of 2,511 shares, the days-to-cover ratio is currently 60.3 days.

Raiffeisen Bank International Price Performance

OTCMKTS RAIFF opened at $45.00 on Friday. Raiffeisen Bank International has a 1-year low of $27.79 and a 1-year high of $52.59. The business’s 50-day simple moving average is $45.39 and its 200-day simple moving average is $39.67.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Raiffeisen Bank International in a research report on Monday, January 26th. Citigroup reaffirmed a “neutral” rating on shares of Raiffeisen Bank International in a research note on Wednesday, February 4th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

About Raiffeisen Bank International

Raiffeisen Bank International (OTCMKTS:RAIFF) is an Austrian banking group headquartered in Vienna, serving as the central and eastern European platform of the Raiffeisen Banking Group. The bank offers a comprehensive suite of financial services to retail, corporate and institutional clients, leveraging its strong regional presence to facilitate trade, investment and day-to-day banking needs.

In its corporate and investment banking division, Raiffeisen Bank International provides lending, trade finance, project financing, cash management and capital markets services.