Erste Group Bank AG (OTCMKTS:EBKDY) Short Interest Down 33.0% in March

Erste Group Bank AG (OTCMKTS:EBKDY - Get Free Report) was the target of a large drop in short interest during the month of March. As of March 31st, there was short interest totalling 5,900 shares, a drop of 33.0% from the March 15th total of 8,800 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 101,000 shares, the short-interest ratio is currently 0.1 days.

Wall Street Analyst Weigh In

Several brokerages have weighed in on EBKDY. Citigroup lowered Erste Group Bank from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 10th. UBS Group downgraded shares of Erste Group Bank from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, March 4th. Finally, Morgan Stanley restated an "overweight" rating on shares of Erste Group Bank in a research note on Friday, March 7th. Four research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Erste Group Bank currently has an average rating of "Moderate Buy".

Erste Group Bank Stock Performance

Shares of OTCMKTS:EBKDY traded up $0.58 during trading hours on Wednesday, hitting $35.09. 70,904 shares of the company's stock traded hands, compared to its average volume of 68,538. The company's fifty day simple moving average is $34.95 and its two-hundred day simple moving average is $31.30. The company has a market cap of $28.81 billion, a price-to-earnings ratio of 8.69, a price-to-earnings-growth ratio of 1.08 and a beta of 0.95. Erste Group Bank has a 52 week low of $22.36 and a 52 week high of $37.36.

Erste Group Bank Company Profile

Erste Group Bank AG provides a range of banking and other financial services to retail, corporate, and public sector customers. The company operates through Retail, Corporates, Group Markets, Asset/Liability Management & Local Corporate Center, Savings Banks, and Group Corporate Center segments. It provides mortgage and consumer loans, investment products, current accounts, savings products, and credit cards, as well as cross selling products, such as leasing, insurance, and building society products.