AIB Group plc (OTCMKTS:AIBRF) Short Interest Update

AIB Group plc (OTCMKTS:AIBRF) saw a significant growth in short interest during the month of May. As of May 15th, there was short interest totalling 1,366,800 shares, a growth of 115.3% from the April 30th total of 634,900 shares. Based on an average daily trading volume, of 4,900 shares, the days-to-cover ratio is presently 278.9 days.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on AIBRF. Royal Bank of Canada reissued a “sector perform” rating on shares of AIB Group in a research report on Tuesday, March 11th. Morgan Stanley reaffirmed an “underweight” rating on shares of AIB Group in a research note on Friday, March 7th.

AIB Group Trading Up 1.7%

Shares of AIBRF opened at $7.70 on Friday. AIB Group has a 1 year low of $5.03 and a 1 year high of $7.78. The stock has a 50-day simple moving average of $6.75 and a 200-day simple moving average of $6.30.

About AIB Group

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.