Erste Group Bank AG (OTCMKTS:EBKDY) Short Interest Down 49.8% in March

Erste Group Bank AG (OTCMKTS:EBKDY) was the recipient of a large drop in short interest in the month of March. As of March 31st, there was short interest totaling 19,010 shares, a drop of 49.8% from the March 15th total of 37,881 shares. Based on an average trading volume of 240,124 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Erste Group Bank Stock Performance

EBKDY stock opened at $61.14 on Monday. Erste Group Bank has a 12-month low of $32.80 and a 12-month high of $66.88. The stock has a market cap of $47.49 billion, a price-to-earnings ratio of 13.06, a PEG ratio of 0.62 and a beta of 0.89. The business’s 50-day moving average is $57.95 and its 200 day moving average is $56.18.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Citigroup upgraded Erste Group Bank to a “strong-buy” rating in a research report on Wednesday, February 11th. Zacks Research cut Erste Group Bank from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

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.