Raiffeisen Bank International AG (OTCMKTS:RAIFF) Sees Significant Growth in Short Interest

Raiffeisen Bank International AG (OTCMKTS:RAIFF) was the target of a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 151,455 shares, a growth of 259.4% from the February 26th total of 42,142 shares. Based on an average daily volume of 2,511 shares, the days-to-cover ratio is presently 60.3 days. Based on an average daily volume of 2,511 shares, the days-to-cover ratio is presently 60.3 days.

Analyst Upgrades and Downgrades

RAIFF has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Raiffeisen Bank International in a research report on Monday, January 26th. Citigroup reissued a “neutral” rating on shares of Raiffeisen Bank International in a research note on Wednesday, February 4th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Raiffeisen Bank International currently has an average rating of “Hold”.

Raiffeisen Bank International Price Performance

OTCMKTS RAIFF opened at $45.00 on Wednesday. The business has a 50 day simple moving average of $45.31 and a 200 day simple moving average of $39.60. Raiffeisen Bank International has a one year low of $27.79 and a one year high of $52.59.

About Raiffeisen Bank International

Raiffeisen Bank International (OTCMKTS:RAIFF) is an Austrian banking group headquartered in Vienna, serving as the central and eastern European platform of the Raiffeisen Banking Group. The bank offers a comprehensive suite of financial services to retail, corporate and institutional clients, leveraging its strong regional presence to facilitate trade, investment and day-to-day banking needs.

In its corporate and investment banking division, Raiffeisen Bank International provides lending, trade finance, project financing, cash management and capital markets services.