Erste Group Bank AG (OTCMKTS:EBKDY) Short Interest Down 85.9% in February

Erste Group Bank AG (OTCMKTS:EBKDY) saw a significant drop in short interest in the month of February. As of February 28th, there was short interest totalling 1,000 shares, a drop of 85.9% from the February 13th total of 7,100 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 89,100 shares, the days-to-cover ratio is currently 0.0 days.

Erste Group Bank Stock Up 1.1 %

Shares of Erste Group Bank stock traded up $0.39 on Wednesday, hitting $35.29. 31,895 shares of the company traded hands, compared to its average volume of 79,118. Erste Group Bank has a 12-month low of $20.40 and a 12-month high of $37.24. The company has a market cap of $28.97 billion, a PE ratio of 8.73, a PEG ratio of 1.08 and a beta of 1.24. The company has a 50-day moving average price of $32.82 and a 200 day moving average price of $29.56.

Analysts Set New Price Targets

Several research analysts have recently weighed in on EBKDY shares. The Goldman Sachs Group raised shares of Erste Group Bank from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 11th. Morgan Stanley reaffirmed an “overweight” rating on shares of Erste Group Bank in a research report on Friday. UBS Group lowered Erste Group Bank from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 4th. Citigroup lowered Erste Group Bank from a “strong-buy” rating to a “hold” rating in a research report on Monday. Finally, Keefe, Bruyette & Woods upgraded Erste Group Bank from a “moderate sell” rating to a “hold” rating in a report on Friday, November 22nd. Four analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Erste Group Bank currently has an average rating of “Moderate Buy”.

About Erste Group Bank

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.