Concordia Financial Group, Ltd. (OTCMKTS:CRDIY) Short Interest Update

Key Points

• Short interest in Concordia rose by 57% in March to 1,192 shares (from 759 on Feb. 26), with a days-to-cover ratio effectively 0.0 based on average volume of 79,159 shares.
• Shares traded down 4.6% to $25.26 intraday on Friday on light volume (956 shares vs. an average of 11,373); the stock's 52-week range is $14.28–$39.91 and its 50- and 200-day moving averages are $28.98 and $25.19.
• Concordia Financial Group is a Japanese regional bank holding company (formed in 2015) that oversees The Joyo Bank and Ibaraki Bank and provides retail and corporate banking services.

Concordia Financial Group, Ltd. (OTCMKTS:CRDIY - Get Free Report) was the recipient of a large increase in short interest during the month of March. As of March 13th, there was short interest totaling 1,192 shares, an increase of 57.0% from the February 26th total of 759 shares. Based on an average trading volume of 79,159 shares, the days-to-cover ratio is presently 0.0 days.

Concordia Financial Group Trading Down 4.6%

Shares of CRDIY traded down $1.23 during mid-day trading on Friday, reaching $25.26. The stock had a trading volume of 956 shares, compared to its average volume of 11,373. Concordia Financial Group has a 52-week low of $14.28 and a 52-week high of $39.91. The business's fifty day moving average is $28.98 and its 200 day moving average is $25.19.

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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