Bank of Cyprus Holdings Public Limited (OTCMKTS:BKCYF) Sees Significant Increase in Short Interest

Bank of Cyprus Holdings Public Limited (OTCMKTS:BKCYF) was the target of a large increase in short interest in May. As of May 29th, there was short interest totaling 12,092 shares, an increase of 738.6% from the May 14th total of 1,442 shares. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is currently ∞ days.

Bank of Cyprus Holdings Public Stock Performance

OTCMKTS BKCYF opened at C$11.88 on Thursday. Bank of Cyprus Holdings Public has a one year low of C$9.87 and a one year high of C$11.88. The stock has a 50 day moving average price of C$11.25 and a 200-day moving average price of C$10.45.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Bank of Cyprus Holdings Public in a report on Friday, June 5th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy”.

Bank of Cyprus Holdings Public Company Profile

Bank of Cyprus Holdings Public (OTCMKTS:BKCYF) is the largest banking and financial services group in Cyprus, offering a comprehensive range of products to retail, corporate and institutional clients. The group’s core activities include deposit-taking, lending, trade finance, payments and cash management. It also provides wealth management, private banking, insurance brokerage and pension administration services through its fully owned subsidiaries.

Established in 1899 and headquartered in Nicosia, Bank of Cyprus has evolved into a universal bank with a strong local franchise and a selective international presence.