Bank of Cyprus Holdings Public Limited (OTCMKTS:BKCYF) Sees Large Decline in Short Interest

Bank of Cyprus Holdings Public Limited (OTCMKTS:BKCYF) was the target of a significant decline in short interest in the month of June. As of June 15th, there was short interest totaling 43 shares, a decline of 99.6% from the May 31st total of 12,092 shares. Based on an average daily trading volume, of 7 shares, the short-interest ratio is currently 6.1 days.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Bank of Cyprus Holdings Public in a research report on Friday, June 5th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy”.

Bank of Cyprus Holdings Public Stock Performance

BKCYF remained flat at C$11.88 on Thursday. The business’s 50 day moving average is C$11.57 and its 200 day moving average is C$10.64. Bank of Cyprus Holdings Public has a 12-month low of C$9.87 and a 12-month high of C$11.88.

About Bank of Cyprus Holdings Public

Bank of Cyprus Holdings Public (OTCMKTS:BKCYF) is the largest banking and financial services group in Cyprus, offering a comprehensive range of products to retail, corporate and institutional clients. The group’s core activities include deposit-taking, lending, trade finance, payments and cash management. It also provides wealth management, private banking, insurance brokerage and pension administration services through its fully owned subsidiaries.

Established in 1899 and headquartered in Nicosia, Bank of Cyprus has evolved into a universal bank with a strong local franchise and a selective international presence.