Close Brothers Group plc (OTCMKTS:CBGPY) Sees Large Increase in Short Interest

Close Brothers Group plc (OTCMKTS:CBGPY) saw a significant growth in short interest in October. As of October 15th, there was short interest totaling 1,861 shares. Based on an average daily volume of 520 shares, the short-interest ratio is presently 3.6 days.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada reissued a “sector perform” rating on shares of Close Brothers Group in a report on Thursday, October 1st. One research analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Close Brothers Group Trading Down 8.4%

CBGPY opened at $10.30 on Friday. The company has a 50 day simple moving average of $10.83 and a two-hundred day simple moving average of $11.75. Close Brothers Group has a 1-year low of $9.04 and a 1-year high of $14.33.

Close Brothers Group Company Profile

Close Brothers Group plc is a United Kingdom-based specialist financial services company. Founded in 1878, the group provides banking, asset management and securities services primarily to businesses, individuals and professional investors in the UK.

Through Close Brothers Banking, the company offers relationship-based lending and deposit services, including finance for small and medium-sized enterprises, property-related lending, asset finance and motor finance. Its approach is focused on serving niche markets and customers who may require tailored financial solutions.

Close Brothers Asset Management provides financial planning, investment management and wealth management services to private clients, families, businesses and trustees.