Erste Group Bank AG (OTCMKTS:EBKDY) Short Interest Down 49.8% in March

Key Points

• Short interest plunged 49.8% in March to 19,010 shares (from 37,881 on March 15), leaving a short-interest ratio of 0.1 days and approximately 0.0% of shares shorted.
• EBKDY opened at $61.14 and trades in a 12‑month range of $32.80–$66.88, with a market cap of $47.49 billion, a P/E of 13.06, and 50-/200-day moving averages of $57.95 and $56.18.
• Analysts hold a consensus rating of Moderate Buy (2 Strong Buy, 3 Buy, 3 Hold); Citigroup recently upgraded to Strong Buy while Zacks downgraded to Hold on April 6.

Erste Group Bank AG (OTCMKTS:EBKDY - Get Free Report) was the recipient of a large drop in short interest in the month of March. As of March 31st, there was short interest totaling 19,010 shares, a drop of 49.8% from the March 15th total of 37,881 shares. Based on an average trading volume of 240,124 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Erste Group Bank Stock Performance

EBKDY stock opened at $61.14 on Monday. Erste Group Bank has a 12-month low of $32.80 and a 12-month high of $66.88. The stock has a market cap of $47.49 billion, a price-to-earnings ratio of 13.06, a PEG ratio of 0.62 and a beta of 0.89. The business's 50-day moving average is $57.95 and its 200 day moving average is $56.18.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Citigroup upgraded Erste Group Bank to a "strong-buy" rating in a research report on Wednesday, February 11th. Zacks Research cut Erste Group Bank from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 6th. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock currently 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.