Close Brothers Group plc (OTCMKTS:CBGPY) Short Interest Up 108.7% in March

Close Brothers Group plc (OTCMKTS:CBGPY) was the recipient of a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 4,800 shares, an increase of 108.7% from the February 29th total of 2,300 shares. Based on an average trading volume of 1,500 shares, the short-interest ratio is presently 3.2 days.

Close Brothers Group Stock Performance

Close Brothers Group stock remained flat at $9.68 during midday trading on Thursday. 29 shares of the company’s stock traded hands, compared to its average volume of 897. Close Brothers Group has a 12-month low of $7.34 and a 12-month high of $25.41. The business’s 50 day simple moving average is $10.87 and its 200-day simple moving average is $16.66.

About Close Brothers Group

Close Brothers Group plc, a merchant banking company, engages in the provision of financial services to small businesses and individuals in the United Kingdom. It operates through five segments: Commercial, Retail, Property, Asset Management, and Securities. The company offers banking services comprising of debt factoring, invoice discounting, asset-based lending; financing for SMEs, residential housing, transport, industrial equipment, renewable energy, motorcycle, used car, and commercial vehicle financing; insurance, refurbishment, and bridging financing, savings products for individuals and corporates, hire purchase, lease, and loan related services.