TBC Bank Group PLC (OTCMKTS:TBCCF) Sees Large Growth in Short Interest

TBC Bank Group PLC (OTCMKTS:TBCCF) was the target of a significant increase in short interest in the month of February. As of February 15th, there was short interest totalling 7,100 shares, an increase of 787.5% from the January 31st total of 800 shares. Based on an average daily volume of 300 shares, the days-to-cover ratio is presently 23.7 days.

TBC Bank Group Stock Performance

Shares of OTCMKTS TBCCF remained flat at $51.58 during midday trading on Thursday. The stock has a 50-day moving average price of $37.88 and a two-hundred day moving average price of $34.77. TBC Bank Group has a 52 week low of $43.00 and a 52 week high of $53.58.

About TBC Bank Group

TBC Bank Group PLC, through its subsidiaries, provides banking, leasing, insurance, brokerage, and card processing services to corporate and individual customers in Georgia, Azerbaijan, and Uzbekistan. The company operates through Corporate; Retail; and Micro, Small and Medium Enterprises segments. It offers mortgage, digital, consumer, car, pawnshop, and startup loans, as well as overdraft; working capital and fixed assets financing, credit line, trade finance, and business financing; treasury products; and term and savings deposits, mortgage, credit cards; current, and nominee account services.