AIB Group plc (OTCMKTS:AIBRF) Short Interest Up 99.4% in June

AIB Group plc (OTCMKTS:AIBRF) was the recipient of a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 117,608 shares, an increase of 99.4% from the June 15th total of 58,990 shares. Based on an average trading volume of 28,497 shares, the short-interest ratio is currently 4.1 days.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Citigroup restated a “buy” rating on shares of AIB Group in a report on Tuesday, June 30th. Royal Bank Of Canada downgraded shares of AIB Group from a “sector perform” rating to an “underperform” rating in a report on Tuesday, July 7th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of AIB Group in a research report on Monday, April 13th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold”.

AIB Group Stock Performance

Shares of OTCMKTS:AIBRF opened at $11.37 on Thursday. AIB Group has a 52-week low of $7.34 and a 52-week high of $12.04. The stock’s fifty day simple moving average is $11.57 and its 200-day simple moving average is $10.99.

About AIB Group

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.