Short Interest in Close Brothers Group plc (OTCMKTS:CBGPF) Grows By 865.1%

Close Brothers Group plc (OTCMKTS:CBGPF) was the target of a large growth in short interest in the month of March. As of March 31st, there was short interest totaling 106,425 shares, a growth of 865.1% from the March 15th total of 11,027 shares. Based on an average trading volume of 338 shares, the days-to-cover ratio is currently 314.9 days.

Close Brothers Group Price Performance

Shares of Close Brothers Group stock remained flat at $7.20 during trading on Friday. The business has a 50-day simple moving average of $7.20 and a two-hundred day simple moving average of $6.43. Close Brothers Group has a twelve month low of $4.47 and a twelve month high of $7.20.

Close Brothers Group Company Profile

Close Brothers Group plc is a UK-based merchant banking group specializing in lending, deposit taking, wealth management and securities trading. Through its Banking division, the company provides tailored finance and deposit products to small and medium-sized businesses and individuals, with a focus on asset finance, invoice finance and commercial mortgages.

The group’s Moneybroking arm offers wholesale finance and risk management services to institutional clients, while the Asset Management division delivers discretionary and advisory portfolio management to high-net-worth individuals, charities and pension funds.