Short Interest in Erste Group Bank AG (OTCMKTS:EBKDY) Rises By 368.3%

Erste Group Bank AG (OTCMKTS:EBKDY) saw a large increase in short interest during the month of March. As of March 13th, there was short interest totaling 37,881 shares, an increase of 368.3% from the February 26th total of 8,089 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 267,153 shares, the days-to-cover ratio is currently 0.1 days.

Erste Group Bank Stock Performance

Shares of OTCMKTS:EBKDY traded down $0.04 on Thursday, reaching $54.19. 160,233 shares of the company’s stock were exchanged, compared to its average volume of 108,550. The firm has a market capitalization of $42.09 billion, a price-to-earnings ratio of 11.58, a PEG ratio of 0.50 and a beta of 0.86. Erste Group Bank has a fifty-two week low of $29.50 and a fifty-two week high of $66.88. The business’s 50-day moving average is $59.85 and its two-hundred day moving average is $55.58. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 1.36.

Wall Street Analyst Weigh In

EBKDY has been the topic of several recent analyst reports. Citigroup raised shares of Erste Group Bank to a “strong-buy” rating in a report on Wednesday, February 11th. Barclays upgraded shares of Erste Group Bank from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, December 2nd. Finally, Zacks Research upgraded Erste Group Bank from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 2nd. Three equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy”.

Erste Group Bank Company Profile

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.