Close Brothers Group plc (OTCMKTS:CBGPY) Shares Shorted: Short Interest Up 130.3% in October

Close Brothers Group plc (OTCMKTS:CBGPY) was the target of a significant increase in short interest in the month of October. As of October 30th, there was short interest totaling 4,285 shares, an increase of 130.3% from the October 15th total of 1,861 shares. Based on an average daily trading volume, of 2,141 shares, the days-to-cover ratio is currently 2.0 days.

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Close Brothers Group in a research note on Thursday, October 1st. One equities research analyst has rated the stock with a Hold rating. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Close Brothers Group Trading Down 0.7%

OTCMKTS:CBGPY traded down $0.07 during trading hours on Friday, reaching $10.52. 322 shares of the company’s stock were exchanged, compared to its average volume of 639. Close Brothers Group has a 12 month low of $9.04 and a 12 month high of $14.33. The business’s 50-day simple moving average is $10.67 and its two-hundred day simple moving average is $11.59.

Close Brothers Group Company Profile

Close Brothers Group plc is a UK-based merchant banking group that provides financial services to businesses, individuals and institutions. Established in 1878, the group focuses on relationship-based banking and specialist financial services, primarily serving customers in the United Kingdom. Through its banking activities, Close Brothers provides lending and deposit services, including asset finance, property finance, invoice and commercial finance, retail finance, motor finance and premium finance.