Short Interest in AIB Group plc (OTCMKTS:AIBRF) Decreases By 98.2%

AIB Group plc (OTCMKTS:AIBRF) was the recipient of a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 39,069 shares, a decrease of 98.2% from the May 14th total of 2,177,648 shares. Based on an average daily volume of 1,984 shares, the days-to-cover ratio is presently 19.7 days.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on AIBRF. Citigroup restated a “buy” rating on shares of AIB Group in a research note on Monday, April 13th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of AIB Group in a research note on Monday, April 13th. Finally, Royal Bank Of Canada restated a “sector perform” rating on shares of AIB Group in a research note on Thursday, May 7th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold”.

AIB Group Stock Performance

Shares of AIBRF stock opened at $11.37 on Thursday. The stock has a 50 day moving average of $11.17 and a two-hundred day moving average of $10.70. AIB Group has a 12 month low of $7.35 and a 12 month high of $12.04.

AIB Group Company Profile

AIB Group plc is a leading commercial bank headquartered in Dublin, Ireland, offering a broad range of banking and financial services to personal, business, and corporate customers. Tracing its modern roots to the 1966 merger of three Irish banks—Allied Irish Banks, Provincial Bank of Ireland and Royal Bank of Ireland—AIB has evolved into one of Ireland’s “Big Four” banks. Its shares trade on the Irish Stock Exchange and, in the United States, in the form of American Depositary Receipts under the ticker AIBRF on the OTC Markets.

The bank’s core business activities include retail and private banking, corporate and institutional banking, and treasury services.