Short Interest in Concordia Financial Group, Ltd. (OTCMKTS:CRDIY) Drops By 33.0%

Key Points

• Short interest fell 33.0% to 799 shares as of March 31 (down from 1,192 on March 15); with average daily volume of 9,524 shares the days-to-cover is 0.1 and 0.0% of shares are currently sold short.
• CRDIY opened at $29.53 and is down 4.7%, with a 50-day SMA of $29.30, a 200-day SMA of $25.87, and a 52-week range of $16.12–$39.91.
• Analyst coverage is limited but the consensus rating is a Hold after Zacks Research raised its rating to Hold; only one analyst has issued a rating.

Concordia Financial Group, Ltd. (OTCMKTS:CRDIY - Get Free Report) saw a significant decline in short interest in the month of March. As of March 31st, there was short interest totaling 799 shares, a decline of 33.0% from the March 15th total of 1,192 shares. Based on an average trading volume of 9,524 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

Concordia Financial Group Stock Down 4.7%

CRDIY stock opened at $29.53 on Tuesday. The company has a 50-day simple moving average of $29.30 and a 200 day simple moving average of $25.87. Concordia Financial Group has a fifty-two week low of $16.12 and a fifty-two week high of $39.91.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of Concordia Financial Group to a "hold" rating in a report on Thursday, April 9th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus 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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