Julius Bär Gruppe AG (OTCMKTS:JBAXY) Stock Short Interest Drops 65.6%

Julius Bär Gruppe AG (OTCMKTS:JBAXY) saw a significant drop in short interest in September. As of September 15th, there was short interest totaling 31,414 shares, a drop of 65.6% from the August 31st total of 91,399 shares. Based on an average daily volume of 62,023 shares, the days-to-cover ratio is presently 0.5 days.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods cut shares of Julius Bär Gruppe from a “hold” rating to a “moderate sell” rating in a research report on Friday, June 19th. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Julius Bär Gruppe Price Performance

Shares of JBAXY traded up $0.27 on Friday, hitting $17.23. The company’s stock had a trading volume of 71,545 shares, compared to its average volume of 104,886. The firm’s fifty day moving average price is $18.04 and its 200-day moving average price is $16.88. Julius Bär Gruppe has a fifty-two week low of $13.07 and a fifty-two week high of $18.93.

Julius Bär Gruppe Company Profile

Julius Bär Gruppe AG is a Swiss private banking group headquartered in Zurich. Founded in 1890, the company focuses on wealth management for private clients, entrepreneurs, family offices and external asset managers rather than on mass-market retail banking or investment banking.

Its services include investment advice and portfolio management, wealth planning, financing and lending, foreign exchange, and other banking and capital-markets solutions. Julius Baer also provides access to investment products and structured solutions designed to support clients’ long-term wealth preservation and growth objectives.

The group serves clients through a global network covering Switzerland, Europe, the Americas, Asia and selected markets in the Middle East.