Julius Bär Gruppe AG (OTCMKTS:JBAXY) Sees Large Increase in Short Interest

Julius Bär Gruppe AG (OTCMKTS:JBAXY) was the target of a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 34,488 shares, an increase of 304.1% from the June 30th total of 8,534 shares. Based on an average trading volume of 237,895 shares, the short-interest ratio is presently 0.1 days.

Analysts Set New Price Targets

Several analysts have recently commented on JBAXY shares. Citigroup upgraded shares of Julius Bär Gruppe from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 22nd. Keefe, Bruyette & Woods downgraded Julius Bär Gruppe from a “hold” rating to a “moderate sell” rating in a research report on Friday, June 19th. Finally, Barclays upgraded Julius Bär Gruppe from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 20th. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Julius Bär Gruppe Stock Up 2.1%

Shares of Julius Bär Gruppe stock opened at $17.17 on Friday. The company has a fifty day moving average price of $16.98 and a 200 day moving average price of $16.45. Julius Bär Gruppe has a twelve month low of $13.07 and a twelve month high of $18.62.

Julius Bär Gruppe Company Profile

Julius Bär Gruppe (OTCMKTS: JBAXY) is a Swiss global wealth manager headquartered in Zurich. The group specialises in private banking and asset management services for high-net-worth individuals and families. With a client-centric approach, Julius Bär offers tailored investment solutions designed to preserve and grow clients’ wealth over the long term.

The firm’s core services include discretionary and advisory portfolio management, wealth planning, lending and credit facilities, customised trading solutions and family office services.