Julius Bär Gruppe AG (OTCMKTS:JBAXY) Short Interest Down 64.3% in September

Julius Bär Gruppe AG (OTCMKTS:JBAXY) was the recipient of a significant decrease in short interest in September. As of September 30th, there was short interest totalling 45,800 shares, a decrease of 64.3% from the September 15th total of 128,200 shares. Based on an average trading volume of 107,000 shares, the days-to-cover ratio is presently 0.4 days.

A number of equities research analysts recently commented on JBAXY shares. Societe Generale reiterated a “buy” rating on shares of Julius Bär Gruppe in a research report on Thursday, July 22nd. Royal Bank of Canada reiterated an “outperform” rating on shares of Julius Bär Gruppe in a research report on Thursday, July 22nd. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Julius Bär Gruppe in a research report on Tuesday, July 6th. Credit Suisse Group restated an “outperform” rating on shares of Julius Bär Gruppe in a research report on Thursday, July 22nd. Finally, Morgan Stanley restated an “overweight” rating on shares of Julius Bär Gruppe in a research report on Tuesday, June 29th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Julius Bär Gruppe presently has an average rating of “Buy”.

OTCMKTS JBAXY traded up $0.14 during mid-day trading on Thursday, hitting $13.57. The stock had a trading volume of 37,988 shares, compared to its average volume of 88,931. The firm’s 50 day moving average is $13.51 and its 200 day moving average is $13.18. Julius Bär Gruppe has a twelve month low of $8.67 and a twelve month high of $14.01.

Julius Bär Gruppe Company Profile

Julius Bär Gruppe AG engages in the provision of private banking services. Its services include discretionary mandates, investment advisory, open product and service platform, financial market services, investor services, financing, and wealth planning. The company was founded in 2009 and is headquartered in Zurich, Switzerland.

See Also: Return on Equity (ROE)

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