Erste Group Bank AG (OTCMKTS:EBKDY) Short Interest Down 83.1% in April

Erste Group Bank AG (OTCMKTS:EBKDY - Get Free Report) saw a significant decline in short interest in April. As of April 15th, there was short interest totalling 1,000 shares, a decline of 83.1% from the March 31st total of 5,900 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 104,200 shares, the days-to-cover ratio is presently 0.0 days.

Analyst Ratings Changes

Several brokerages have recently issued reports on EBKDY. Citigroup downgraded Erste Group Bank from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 10th. UBS Group cut Erste Group Bank from a "strong-buy" rating to a "hold" rating in a report on Tuesday, March 4th. Finally, Morgan Stanley reiterated an "overweight" rating on shares of Erste Group Bank in a research note on Friday, March 7th. Four analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Erste Group Bank presently has a consensus rating of "Moderate Buy".

Erste Group Bank Stock Up 2.8 %

Shares of EBKDY traded up $1.00 during mid-day trading on Friday, reaching $36.34. 30,363 shares of the stock traded hands, compared to its average volume of 67,065. The firm has a market cap of $29.84 billion, a price-to-earnings ratio of 9.00, a P/E/G ratio of 1.08 and a beta of 0.95. The stock has a fifty day simple moving average of $34.97 and a 200 day simple moving average of $31.46. Erste Group Bank has a 12-month low of $22.36 and a 12-month high of $37.36.

About Erste Group Bank

Erste Group Bank AG provides a range of banking and other financial services to retail, corporate, and public sector customers. The company operates through Retail, Corporates, Group Markets, Asset/Liability Management & Local Corporate Center, Savings Banks, and Group Corporate Center segments. It provides mortgage and consumer loans, investment products, current accounts, savings products, and credit cards, as well as cross selling products, such as leasing, insurance, and building society products.

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