Permanent TSB Group Holdings plc (OTCMKTS:ILPMF) Sees Significant Drop in Short Interest

Permanent TSB Group Holdings plc (OTCMKTS:ILPMF) was the recipient of a significant decline in short interest during the month of January. As of January 30th, there was short interest totaling 15,839 shares, a decline of 12.4% from the January 15th total of 18,089 shares. Based on an average daily trading volume, of 73,575 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily trading volume, of 73,575 shares, the days-to-cover ratio is currently 0.2 days.

Permanent TSB Group Price Performance

Shares of OTCMKTS:ILPMF opened at $3.70 on Wednesday. Permanent TSB Group has a 12-month low of $1.60 and a 12-month high of $3.73. The business has a fifty day simple moving average of $3.57 and a 200 day simple moving average of $3.15.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada restated an “underperform” rating on shares of Permanent TSB Group in a research report on Thursday, November 13th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Permanent TSB Group has a consensus rating of “Sell”.

Permanent TSB Group Company Profile

Permanent TSB Group plc is a retail bank headquartered in Dublin, Ireland, primarily serving personal, mortgage and small business customers across the Republic of Ireland. The bank offers an integrated range of financial solutions designed to meet everyday banking needs, including current accounts, savings products and digital banking services. With a focus on customer accessibility, Permanent TSB operates a network of branches and ATMs complemented by online and mobile platforms.

Core lending activities revolve around home mortgages and personal loans.