Julius Bär Gruppe AG (OTCMKTS:JBAXY) Stock Short Interest Drops 65.6%

Julius Bär Gruppe AG (OTCMKTS:JBAXY) saw a significant drop in short interest in September. As of September 15th, there was short interest totaling 31,414 shares, a drop of 65.6% from the August 31st total of 91,399 shares. Based on an average daily volume of 62,023 shares, the days-to-cover ratio is currently 0.5 days.

Julius Bär Gruppe Stock Down 0.4%

Shares of JBAXY traded down $0.07 during mid-day trading on Monday, reaching $17.16. 13,346 shares of the stock traded hands, compared to its average volume of 104,370. Julius Bär Gruppe has a 1 year low of $13.07 and a 1 year high of $18.93. The firm has a fifty day moving average price of $18.04 and a 200 day moving average price of $16.89.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods downgraded Julius Bär Gruppe from a “hold” rating to a “moderate sell” rating in a research report on Friday, June 19th. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Julius Bär Gruppe currently has an average rating of “Moderate Buy”.

Julius Bär Gruppe Company Profile

Julius Bär Gruppe AG is a Swiss private banking group headquartered in Zurich. Founded in 1890, the company focuses on wealth management for private clients, entrepreneurs, family offices and external asset managers rather than on mass-market retail banking or investment banking.

Its services include investment advice and portfolio management, wealth planning, financing and lending, foreign exchange, and other banking and capital-markets solutions. Julius Baer also provides access to investment products and structured solutions designed to support clients’ long-term wealth preservation and growth objectives.

The group serves clients through a global network covering Switzerland, Europe, the Americas, Asia and selected markets in the Middle East.