Short Interest in ABN AMRO Bank (OTCMKTS:ABMRF) Decreases By 57.9%

ABN AMRO Bank (OTCMKTS:ABMRFGet Rating) was the recipient of a significant decrease in short interest during the month of May. As of May 15th, there was short interest totalling 1,062,800 shares, a decrease of 57.9% from the April 30th total of 2,525,700 shares. Based on an average daily volume of 600 shares, the short-interest ratio is currently 1,771.3 days.

Separately, JPMorgan Chase & Co. cut ABN AMRO Bank from a “neutral” rating to an “underweight” rating and set a €13.60 ($14.47) target price for the company. in a research note on Friday, February 11th.

OTCMKTS ABMRF opened at $12.70 on Friday. ABN AMRO Bank has a twelve month low of $11.50 and a twelve month high of $18.35. The stock has a fifty day simple moving average of $12.99 and a 200 day simple moving average of $15.09.

ABN AMRO Bank Company Profile (Get Rating)

ABN AMRO Bank N.V. provides various banking products and services to retail, private, and business clients in the Netherlands and internationally. It operates through three segments: Personal & Business Banking, Wealth Management, and Corporate Banking. The company provides savings and deposits products; labelled residential mortgage products under the Florius brands; and consumer loans under the Alpha Credit Nederland, Credivance, Defam, Moneyou, and ABN AMRO brands.

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