Erste Group Bank AG (OTCMKTS:EBKDY) Sees Significant Drop in Short Interest

Key Points

• Short interest plunged 87.3% to 2,414 shares as of April 15 (down from 19,010 on March 31), leaving a days-to-cover of 0.0 and 0.0% of shares sold short.
• Shares traded at $58.73 (up $0.27) with a market cap of $45.62 billion and a P/E of 12.55; analysts' consensus rating is Moderate Buy (2 Strong Buy, 3 Buy, 3 Hold).

Erste Group Bank AG (OTCMKTS:EBKDY - Get Free Report) saw a large decline in short interest during the month of April. As of April 15th, there was short interest totaling 2,414 shares, a decline of 87.3% from the March 31st total of 19,010 shares. Based on an average daily volume of 121,670 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

Erste Group Bank Stock Up 0.5%

OTCMKTS:EBKDY traded up $0.27 on Friday, hitting $58.73. The stock had a trading volume of 44,995 shares, compared to its average volume of 68,410. The company has a fifty day moving average price of $57.47 and a two-hundred day moving average price of $56.87. Erste Group Bank has a 1-year low of $32.89 and a 1-year high of $66.88. The stock has a market cap of $45.62 billion, a price-to-earnings ratio of 12.55, a PEG ratio of 0.59 and a beta of 0.89.

Analyst Ratings Changes

A number of equities research analysts have recently commented on EBKDY shares. Citigroup upgraded shares of Erste Group Bank to a "strong-buy" rating in a research report on Wednesday, February 11th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Erste Group Bank in a research note on Friday, April 17th. Finally, Zacks Research lowered shares of Erste Group Bank from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 6th. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, Erste Group Bank has a consensus rating of "Moderate Buy".

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.

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