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

Julius Bär Gruppe AG (OTCMKTS:JBAXY) was the target of a large decrease in short interest in June. As of June 30th, there was short interest totaling 8,534 shares, a decrease of 75.4% from the June 15th total of 34,740 shares. Based on an average daily trading volume, of 102,038 shares, the days-to-cover ratio is presently 0.1 days.

Julius Bär Gruppe Price Performance

Shares of Julius Bär Gruppe stock opened at $17.86 on Tuesday. The firm has a fifty day moving average price of $16.85 and a 200 day moving average price of $16.32. Julius Bär Gruppe has a 1 year low of $13.07 and a 1 year high of $18.44.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Citigroup upgraded shares of Julius Bär Gruppe from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 22nd. Zacks Research lowered shares of Julius Bär Gruppe from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 17th. Keefe, Bruyette & Woods lowered Julius Bär Gruppe from a “hold” rating to a “moderate sell” rating in a report on Friday, June 19th. Finally, Barclays upgraded Julius Bär Gruppe from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 20th. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Julius Bär Gruppe Company Profile

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.