Erste Group Bank AG (OTCMKTS:EBKDY) Short Interest Update

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

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. The Goldman Sachs Group raised Erste Group Bank from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 11th. Morgan Stanley reissued an “overweight” rating on shares of Erste Group Bank in a report on Friday, March 7th. Citigroup downgraded Erste Group Bank from a “strong-buy” rating to a “hold” rating in a report on Monday. Keefe, Bruyette & Woods raised Erste Group Bank from a “moderate sell” rating to a “hold” rating in a report on Friday, November 22nd. Finally, UBS Group downgraded Erste Group Bank from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 4th. Four investment 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 data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Erste Group Bank Price Performance

Erste Group Bank stock traded up $0.39 during mid-day trading on Thursday, hitting $35.29. 31,895 shares of the company’s stock traded hands, compared to its average volume of 79,230. The firm has a 50 day simple moving average of $32.91 and a two-hundred day simple moving average of $29.60. Erste Group Bank has a fifty-two week low of $20.40 and a fifty-two week high of $37.24. The stock has a market cap of $28.97 billion, a price-to-earnings ratio of 8.73, a P/E/G ratio of 1.08 and a beta of 1.24.

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.