Julius Bär Gruppe AG (OTCMKTS:JBAXY) Short Interest Update

Julius Bär Gruppe AG (OTCMKTS:JBAXY) was the target of a significant decline in short interest during the month of June. As of June 30th, there was short interest totaling 8,534 shares, a decline of 75.4% from the June 15th total of 34,740 shares. Based on an average daily trading volume, of 102,038 shares, the short-interest ratio is presently 0.1 days.

Analysts Set New Price Targets

JBAXY has been the topic of a number of recent research reports. Citigroup raised shares of Julius Bär Gruppe from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 22nd. Zacks Research cut shares of Julius Bär Gruppe from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 17th. Keefe, Bruyette & Woods downgraded Julius Bär Gruppe from a “hold” rating to a “moderate sell” rating in a research note on Friday, June 19th. Finally, Barclays upgraded Julius Bär Gruppe from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 20th. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Julius Bär Gruppe currently has an average rating of “Moderate Buy”.

Julius Bär Gruppe Stock Performance

Shares of OTCMKTS:JBAXY traded up $0.24 during mid-day trading on Friday, reaching $17.97. The stock had a trading volume of 26,072 shares, compared to its average volume of 117,520. The firm has a 50 day simple moving average of $16.82 and a two-hundred day simple moving average of $16.31. Julius Bär Gruppe has a twelve month low of $13.07 and a twelve month high of $18.44.

Julius Bär Gruppe Company Profile

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.