ABN AMRO Bank (OTCMKTS:ABMRF – Get 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 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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