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

Bank of Cyprus Holdings Public Limited (OTCMKTS:BKCYF) was the target of a large growth in short interest in June. As of June 30th, there was short interest totaling 209 shares, a growth of 386.0% from the June 15th total of 43 shares. Based on an average trading volume of 41 shares, the days-to-cover ratio is presently 5.1 days.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Bank of Cyprus Holdings Public in a report on Friday, June 5th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Bank of Cyprus Holdings Public currently has a consensus rating of “Buy”.

Bank of Cyprus Holdings Public Price Performance

Shares of OTCMKTS:BKCYF opened at C$11.96 on Monday. Bank of Cyprus Holdings Public has a 12 month low of C$9.87 and a 12 month high of C$11.96. The company’s 50-day moving average price is C$11.85 and its two-hundred day moving average price is C$10.88.

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.