Concordia Financial Group, Ltd. (OTCMKTS:CRDIY) Sees Significant Drop in Short Interest

Concordia Financial Group, Ltd. (OTCMKTS:CRDIY) was the recipient of a large decrease in short interest in the month of June. As of June 15th, there was short interest totaling 26,325 shares, a decrease of 36.4% from the May 31st total of 41,423 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 19,298 shares, the days-to-cover ratio is presently 1.4 days.

Analysts Set New Price Targets

Separately, Zacks Research upgraded Concordia Financial Group to a “hold” rating in a research report on Thursday, April 9th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, Concordia Financial Group currently has an average rating of “Hold”.

Concordia Financial Group Price Performance

Shares of OTCMKTS:CRDIY traded down $0.47 during midday trading on Thursday, hitting $33.20. The stock had a trading volume of 21,722 shares, compared to its average volume of 9,822. The company’s 50-day moving average price is $30.99 and its 200-day moving average price is $28.92. Concordia Financial Group has a fifty-two week low of $18.50 and a fifty-two week high of $39.91.

About Concordia Financial Group

Concordia Financial Group, Inc is a regional financial holding company headquartered in Japan’s Kanto region. Established in March 2015 through the merger of two regional banks, the company provides banking and financial services under its principal operating subsidiaries, The Joyo Bank, Ltd. and Ibaraki Bank, Ltd. As a bank holding company, Concordia Financial Group oversees strategic planning, risk management and corporate governance for its banking operations.

The group’s core business activities encompass deposit-taking, lending, foreign exchange, trade finance and cash management services for both individual and corporate clients.