Julius Bär Gruppe AG (OTCMKTS:JBAXY) Sees Large Increase in Short Interest

Julius Bär Gruppe AG (OTCMKTS:JBAXY) saw a significant increase in short interest in January. As of January 30th, there was short interest totaling 62,757 shares, an increase of 40.6% from the January 15th total of 44,630 shares. Based on an average daily trading volume, of 99,262 shares, the short-interest ratio is presently 0.6 days. Based on an average daily trading volume, of 99,262 shares, the short-interest ratio is presently 0.6 days.

Julius Bär Gruppe Stock Performance

OTCMKTS:JBAXY opened at $16.60 on Tuesday. The firm has a 50-day moving average price of $16.28 and a two-hundred day moving average price of $14.78. Julius Bär Gruppe has a twelve month low of $11.05 and a twelve month high of $17.70.

Analysts Set New Price Targets

Separately, Zacks Research raised Julius Bär Gruppe from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 19th. Two research analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Julius Bär Gruppe has a consensus rating of “Buy”.

About Julius Bär Gruppe

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.