Short Interest in Julius Bär Gruppe AG (OTCMKTS:JBAXY) Expands By 1,117.6%

Julius Bär Gruppe AG (OTCMKTS:JBAXY) saw a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 40,255 shares, an increase of 1,117.6% from the May 14th total of 3,306 shares. Based on an average daily trading volume, of 624,631 shares, the days-to-cover ratio is presently 0.1 days.

Julius Bär Gruppe Stock Down 0.2%

JBAXY stock traded down $0.04 during trading hours on Tuesday, hitting $16.27. 56,834 shares of the stock were exchanged, compared to its average volume of 122,675. The company has a 50-day simple moving average of $16.15 and a two-hundred day simple moving average of $15.93. Julius Bär Gruppe has a 12 month low of $12.43 and a 12 month high of $17.70.

Analysts Set New Price Targets

JBAXY has been the subject of several research reports. Citigroup raised Julius Bär Gruppe from a “hold” rating to a “strong-buy” rating in a report on Friday, May 22nd. Barclays raised Julius Bär Gruppe from a “hold” rating to a “strong-buy” rating in a report on Monday, April 20th. Finally, Zacks Research downgraded Julius Bär Gruppe from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 17th. Two equities research analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy”.

About Julius Bär Gruppe

Julius Bär Gruppe (OTCMKTS: JBAXY) is a Swiss global wealth manager headquartered in Zurich. The group specialises in private banking and asset management services for high-net-worth individuals and families. With a client-centric approach, Julius Bär offers tailored investment solutions designed to preserve and grow clients’ wealth over the long term.

The firm’s core services include discretionary and advisory portfolio management, wealth planning, lending and credit facilities, customised trading solutions and family office services.