Short Interest in TBC Bank Group PLC (OTCMKTS:TBCCF) Declines By 79.5%

TBC Bank Group PLC (OTCMKTS:TBCCF) saw a large drop in short interest in December. As of December 15th, there was short interest totaling 504 shares, a drop of 79.5% from the November 30th total of 2,456 shares. Based on an average trading volume of 55 shares, the short-interest ratio is presently 9.2 days. Based on an average trading volume of 55 shares, the short-interest ratio is presently 9.2 days.

TBC Bank Group Stock Performance

Shares of TBC Bank Group stock remained flat at $54.60 during trading on Friday. The business has a 50-day moving average of $55.05 and a two-hundred day moving average of $59.39. TBC Bank Group has a 1 year low of $43.00 and a 1 year high of $65.00.

About TBC Bank Group

TBC Bank Group PLC is a leading banking and financial services organization headquartered in Tbilisi, Georgia. Established in the mid-1990s as a local commercial bank, the group has grown through organic expansion and strategic acquisitions to become one of the largest financial institutions in the South Caucasus region. In 2014, TBC Bank Group PLC completed a successful initial public offering on the London Stock Exchange, broadening its investor base while retaining a principal listing on the Georgian Stock Exchange and an over-the-counter presence in the United States under the symbol TBCCF.

The group provides a comprehensive suite of retail, corporate and investment banking services.