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

Key Points

• Short interest jumped to 3,859 shares as of April 15 — a 383.0% increase from 799 shares on March 31, with a short-interest ratio of 0.2 days and approximately 0.0% of shares sold short.
• The stock opened at $27.35 on Friday and trades within a 52‑week range of $17.63–$39.91, with a 50‑day moving average of $28.97 and a 200‑day moving average of $26.20.
• Zacks Research recently set Concordia to a "Hold" rating, and the consensus on MarketBeat is currently an overall Hold.

Concordia Financial Group, Ltd. (OTCMKTS:CRDIY - Get Free Report) was the recipient of a significant growth in short interest in the month of April. As of April 15th, there was short interest totaling 3,859 shares, a growth of 383.0% from the March 31st total of 799 shares. Based on an average daily trading volume, of 19,419 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the shares of the company are sold short.

Concordia Financial Group Stock Performance

Shares of OTCMKTS:CRDIY opened at $27.35 on Friday. Concordia Financial Group has a 52 week low of $17.63 and a 52 week high of $39.91. The firm's 50 day moving average is $28.97 and its two-hundred day moving average is $26.20.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised Concordia Financial Group to a "hold" rating in a research report on Thursday, April 9th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Concordia Financial Group presently has an average rating of "Hold".

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.

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