Short Interest in Erste Group Bank AG (OTCMKTS:EBKDY) Increases By 368.3%

Erste Group Bank AG (OTCMKTS:EBKDY) saw a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 37,881 shares, an increase of 368.3% from the February 26th total of 8,089 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 267,153 shares, the short-interest ratio is currently 0.1 days.

Erste Group Bank Stock Down 0.7%

Shares of Erste Group Bank stock opened at $53.86 on Friday. The company has a 50-day simple moving average of $59.70 and a two-hundred day simple moving average of $55.57. The stock has a market capitalization of $41.83 billion, a PE ratio of 11.51, a price-to-earnings-growth ratio of 0.51 and a beta of 0.86. Erste Group Bank has a 52-week low of $29.50 and a 52-week high of $66.88. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.15 and a current ratio of 0.15.

Analyst Ratings Changes

A number of brokerages have recently commented on EBKDY. Zacks Research upgraded shares of Erste Group Bank from a “hold” rating to a “strong-buy” rating in a report on Monday, February 2nd. Citigroup upgraded shares of Erste Group Bank to a “strong-buy” rating in a report on Wednesday, February 11th. Finally, Barclays upgraded shares of Erste Group Bank from an “equal weight” rating to an “overweight” rating in a report on Tuesday, December 2nd. Three analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy”.

About Erste Group Bank

Erste Group Bank AG is an Austrian banking group headquartered in Vienna that operates as a universal bank serving retail, corporate and institutional customers. The group offers a broad range of financial services including deposit-taking, lending, mortgage financing, payment and transaction banking, and wealth management. Erste Group also provides capital markets services, corporate and investment banking solutions, and a range of insurance and pension-linked products through partnerships and subsidiary operations.

Erste Group maintains a significant regional presence beyond Austria, with operations across several Central and Eastern European countries.