Short Interest in Erste Group Bank AG (OTCMKTS:EBKDY) Decreases By 16.5%

Erste Group Bank AG (OTCMKTS:EBKDY) saw a significant decrease in short interest during the month of February. As of February 13th, there was short interest totaling 11,866 shares, a decrease of 16.5% from the January 29th total of 14,216 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 357,956 shares, the short-interest ratio is currently 0.0 days. Based on an average daily volume of 357,956 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

Analyst Ratings Changes

Several brokerages have recently issued reports on EBKDY. Zacks Research upgraded shares of Erste Group Bank from a “hold” rating to a “strong-buy” rating in a report on Monday, February 2nd. Morgan Stanley reissued an “overweight” rating on shares of Erste Group Bank in a research report on Monday, November 24th. Citigroup upgraded shares of Erste Group Bank to a “strong-buy” rating in a research note on Wednesday, February 11th. Oddo Bhf lowered Erste Group Bank to a “neutral” rating in a report on Thursday, November 6th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Erste Group Bank in a research report on Wednesday, November 5th. Three equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Erste Group Bank presently has an average rating of “Buy”.

Erste Group Bank Price Performance

Shares of OTCMKTS EBKDY opened at $57.75 on Tuesday. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.15 and a current ratio of 0.15. Erste Group Bank has a one year low of $29.50 and a one year high of $66.88. The firm has a market capitalization of $44.86 billion, a P/E ratio of 12.34, a PEG ratio of 0.57 and a beta of 0.86. The company’s fifty day moving average is $61.92 and its two-hundred day moving average is $54.98.

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.