Close Brothers Group plc (OTCMKTS:CBGPY) Sees Large Increase in Short Interest

Close Brothers Group plc (OTCMKTS:CBGPY) was the recipient of a large increase in short interest in October. As of October 15th, there was short interest totaling 1,861 shares. Based on an average trading volume of 520 shares, the short-interest ratio is currently 3.6 days.

Close Brothers Group Stock Performance

Close Brothers Group stock opened at $10.30 on Monday. Close Brothers Group has a 1-year low of $9.04 and a 1-year high of $14.33. The stock’s fifty day moving average is $10.83 and its two-hundred day moving average is $11.75.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Close Brothers Group in a research report on Thursday, October 1st. One research analyst has rated the stock with a Hold rating. According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

Close Brothers Group Company Profile

Close Brothers Group plc is a UK-based merchant banking group that provides financial services to businesses, individuals and institutions. Established in 1878, the group focuses on relationship-based banking and specialist financial services, primarily serving customers in the United Kingdom.

Through its banking activities, Close Brothers provides lending and deposit services, including asset finance, property finance, invoice and commercial finance, retail finance, motor finance and premium finance.