Erste Group Bank AG (OTCMKTS:EBKDY) Short Interest Down 31.8% in February

Erste Group Bank AG (OTCMKTS:EBKDY) saw a large decline in short interest during the month of February. As of February 27th, there was short interest totaling 8,089 shares, a decline of 31.8% from the February 12th total of 11,866 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 195,054 shares, the short-interest ratio is presently 0.0 days. Based on an average daily volume of 195,054 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are sold short.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Zacks Research upgraded shares of Erste Group Bank from a “hold” rating to a “strong-buy” rating in a report on Monday, February 2nd. Citigroup upgraded shares of Erste Group Bank to a “strong-buy” rating in a report on Wednesday, February 11th. Barclays raised Erste Group Bank from an “equal weight” rating to an “overweight” rating in a report on Tuesday, December 2nd. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Erste Group Bank in a research report on Monday, November 24th. Three research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy”.

Erste Group Bank Price Performance

OTCMKTS EBKDY opened at $51.91 on Friday. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 1.36. Erste Group Bank has a 1 year low of $29.50 and a 1 year high of $66.88. The company has a market cap of $40.32 billion, a PE ratio of 11.09, a PEG ratio of 0.51 and a beta of 0.86. The stock’s 50-day moving average price is $61.09 and its two-hundred day moving average price is $55.23.

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.