AIB Group plc (OTCMKTS:AIBRF – Get Free Report) saw a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 492,000 shares, an increase of 42.0% from the February 28th total of 346,500 shares. Based on an average daily trading volume, of 6,500 shares, the short-interest ratio is currently 75.7 days.
AIB Group Price Performance
OTCMKTS AIBRF opened at $6.49 on Friday. AIB Group has a 1-year low of $4.95 and a 1-year high of $7.65. The stock has a 50-day moving average of $6.61 and a 200-day moving average of $5.93.
Wall Street Analyst Weigh In
Several research analysts have recently weighed in on the stock. Morgan Stanley reaffirmed an “underweight” rating on shares of AIB Group in a report on Friday, March 7th. Royal Bank of Canada reissued a “sector perform” rating on shares of AIB Group in a report on Tuesday, March 11th.
AIB Group Company Profile
AIB Group plc provides banking and financial products and services to retail, business, and corporate customers in the Republic of Ireland and the United Kingdom. It operates through Retail Banking, AIB Capital Markets, and AIB UK, and Group segments. The company offers current and savings accounts, demand deposits, notice deposits, fixed term deposits, junior/student saver deposits, and currency deposits.
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