Short Interest in Julius Bär Gruppe AG (OTCMKTS:JBAXY) Increases By 1,117.6%

Julius Bär Gruppe AG (OTCMKTS:JBAXY) was the target of a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 40,255 shares, a growth of 1,117.6% from the May 14th total of 3,306 shares. Based on an average trading volume of 624,631 shares, the short-interest ratio is currently 0.1 days.

Julius Bär Gruppe Stock Performance

JBAXY opened at $16.27 on Wednesday. The firm’s fifty day moving average is $16.15 and its 200 day moving average is $15.93. Julius Bär Gruppe has a fifty-two week low of $12.43 and a fifty-two week high of $17.70.

Analyst Ratings Changes

Several research firms have recently commented on JBAXY. Zacks Research lowered Julius Bär Gruppe from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 17th. Citigroup upgraded Julius Bär Gruppe from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 22nd. Finally, Barclays raised Julius Bär Gruppe from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 20th. Two research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy”.

About Julius Bär Gruppe

Julius Bär Gruppe (OTCMKTS: JBAXY) is a Swiss global wealth manager headquartered in Zurich. The group specialises in private banking and asset management services for high-net-worth individuals and families. With a client-centric approach, Julius Bär offers tailored investment solutions designed to preserve and grow clients’ wealth over the long term.

The firm’s core services include discretionary and advisory portfolio management, wealth planning, lending and credit facilities, customised trading solutions and family office services.