Vontobel Holding AG (OTCMKTS:VONHF) Sees Large Drop in Short Interest

Vontobel Holding AG (OTCMKTS:VONHF) saw a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 71 shares, a decrease of 93.6% from the June 30th total of 1,109 shares. Based on an average trading volume of 0 shares, the days-to-cover ratio is presently ∞ days.

Wall Street Analysts Forecast Growth

Separately, Citigroup restated a “neutral” rating on shares of Vontobel in a research report on Monday, July 13th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Vontobel Stock Performance

VONHF stock opened at C$90.19 on Friday. The firm’s 50-day moving average price is C$90.19 and its two-hundred day moving average price is C$85.15. Vontobel has a 12-month low of C$69.62 and a 12-month high of C$90.19.

Vontobel Company Profile

Vontobel is a Switzerland-based financial services group focused on private banking, asset management and investment banking. The firm provides a broad range of wealth management services to high-net-worth individuals, families and family offices, including tailored portfolio solutions, estate and succession planning, and bespoke structuring. In its asset management division, Vontobel offers equities, fixed income, multi-asset and alternative investment strategies to institutional investors, pension funds and retail clients, supported by active research and risk management capabilities.

Founded in 1924 and headquartered in Zurich, Vontobel has grown from a regional private bank into a globally active financial institution.