AIB Group plc (OTCMKTS:AIBRF) Sees Significant Growth in Short Interest

AIB Group plc (OTCMKTS:AIBRF) was the target of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 1,570,944 shares, an increase of 397.4% from the August 31st total of 315,854 shares. Based on an average trading volume of 9,420 shares, the days-to-cover ratio is currently 166.8 days.

AIB Group Stock Performance

AIBRF opened at $12.62 on Friday. The business has a fifty day moving average of $12.43 and a 200 day moving average of $11.61. AIB Group has a 52-week low of $8.25 and a 52-week high of $13.70.

Wall Street Analyst Weigh In

A number of research firms recently commented on AIBRF. Royal Bank Of Canada reaffirmed an “underperform” rating on shares of AIB Group in a research note on Wednesday, August 5th. Citigroup reissued a “buy” rating on shares of AIB Group in a research report on Monday. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold”.

AIB Group Company Profile

AIB Group plc is an Ireland-based financial services group serving personal, business and corporate customers. Its principal banking brands include Allied Irish Banks (AIB), EBS and Haven, and its operations are focused primarily on the Republic of Ireland and the United Kingdom.

The group provides a broad range of banking products and services, including current and savings accounts, residential mortgages, personal loans, credit cards, business lending, deposits, payment services and investment or wealth-related solutions.