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

TBC Bank Group PLC (OTCMKTS:TBCCF) was the recipient of a large decline in short interest during the month of January. As of January 15th, there was short interest totaling 508 shares, a decline of 37.4% from the December 31st total of 811 shares. Based on an average daily trading volume, of 3,462 shares, the short-interest ratio is currently 0.1 days. Based on an average daily trading volume, of 3,462 shares, the short-interest ratio is currently 0.1 days.

TBC Bank Group Price Performance

Shares of TBCCF stock opened at $58.00 on Friday. TBC Bank Group has a 1-year low of $43.00 and a 1-year high of $65.00. The stock has a 50-day moving average of $53.22 and a 200-day moving average of $58.57.

TBC Bank Group Company Profile

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.