Raiffeisen Bank International AG (OTCMKTS:RAIFF) Sees Large Decrease in Short Interest

Raiffeisen Bank International AG (OTCMKTS:RAIFF) was the target of a large drop in short interest in May. As of May 15th, there was short interest totaling 41,152 shares, a drop of 51.0% from the April 30th total of 83,956 shares. Based on an average trading volume of 602 shares, the short-interest ratio is currently 68.4 days.

Analysts Set New Price Targets

Separately, Citigroup reiterated a “neutral” rating on shares of Raiffeisen Bank International in a research report on Wednesday, February 4th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Raiffeisen Bank International currently has a consensus rating of “Hold”.

Raiffeisen Bank International Stock Performance

Raiffeisen Bank International stock remained flat at $53.30 during mid-day trading on Monday. Raiffeisen Bank International has a 12 month low of $27.79 and a 12 month high of $53.30. The business’s fifty day simple moving average is $48.11 and its 200 day simple moving average is $44.25.

Raiffeisen Bank International Company Profile

Raiffeisen Bank International (OTCMKTS:RAIFF) is an Austrian banking group headquartered in Vienna, serving as the central and eastern European platform of the Raiffeisen Banking Group. The bank offers a comprehensive suite of financial services to retail, corporate and institutional clients, leveraging its strong regional presence to facilitate trade, investment and day-to-day banking needs.

In its corporate and investment banking division, Raiffeisen Bank International provides lending, trade finance, project financing, cash management and capital markets services.