Short Interest in Close Brothers Group plc (OTCMKTS:CBGPY) Increases By 450.0%

Close Brothers Group plc (OTCMKTS:CBGPY) saw a significant increase in short interest in December. As of December 31st, there was short interest totalling 2,200 shares, an increase of 450.0% from the December 15th total of 400 shares. Based on an average daily volume of 14,600 shares, the days-to-cover ratio is presently 0.2 days.

CBGPY traded down $0.24 on Friday, reaching $39.01. 7,695 shares of the stock were exchanged, compared to its average volume of 13,677. The company’s 50-day moving average price is $37.38 and its 200 day moving average price is $41.16. Close Brothers Group has a fifty-two week low of $34.16 and a fifty-two week high of $53.10.

A number of research firms recently commented on CBGPY. Royal Bank of Canada reissued a “sector perform” rating on shares of Close Brothers Group in a research report on Monday, November 22nd. Investec raised Close Brothers Group from a “hold” rating to a “buy” rating in a research report on Thursday, November 25th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Close Brothers Group in a report on Wednesday, September 29th. Finally, UBS Group restated a “neutral” rating on shares of Close Brothers Group in a research note on Monday, November 22nd. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold”.

Close Brothers Group Company Profile

Close Brothers Group Plc operates as a merchant banking group, which provides lending, deposit taking, securities trading and wealth management services. It operates through the following segments: Retail Finance, Commercial Finance, Property Finance, Securities, and Asset Management. The Retail Finance segment provides loans to predominantly retail customers, through a network of intermediaries.

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