Erste Group Bank AG (OTCMKTS:EBKDY) Short Interest Down 31.8% in February

Erste Group Bank AG (OTCMKTS:EBKDY) saw a significant decrease in short interest in February. As of February 27th, there was short interest totaling 8,089 shares, a decrease of 31.8% from the February 12th total of 11,866 shares. Based on an average daily volume of 195,054 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are sold short. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 195,054 shares, the days-to-cover ratio is presently 0.0 days.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on EBKDY shares. Morgan Stanley restated an “overweight” rating on shares of Erste Group Bank in a research note on Monday, November 24th. Zacks Research upgraded shares of Erste Group Bank from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 2nd. Barclays raised shares of Erste Group Bank from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, December 2nd. Finally, Citigroup raised shares of Erste Group Bank to a “strong-buy” rating in a research note on Wednesday, February 11th. Three research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy”.

Erste Group Bank Stock Down 3.6%

EBKDY opened at $51.91 on Friday. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.15 and a current ratio of 0.15. The company has a market capitalization of $40.32 billion, a PE ratio of 11.09, a P/E/G ratio of 0.51 and a beta of 0.86. The stock’s fifty day moving average is $61.09 and its 200-day moving average is $55.23. Erste Group Bank has a one year low of $29.50 and a one year high of $66.88.

About Erste Group Bank

Erste Group Bank AG is an Austrian banking group headquartered in Vienna that operates as a universal bank serving retail, corporate and institutional customers. The group offers a broad range of financial services including deposit-taking, lending, mortgage financing, payment and transaction banking, and wealth management. Erste Group also provides capital markets services, corporate and investment banking solutions, and a range of insurance and pension-linked products through partnerships and subsidiary operations.

Erste Group maintains a significant regional presence beyond Austria, with operations across several Central and Eastern European countries.