AIB Group plc (OTCMKTS:AIBRF) Sees Significant Growth in Short Interest

AIB Group plc (OTCMKTS:AIBRF) saw a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 1,570,944 shares, an increase of 397.4% from the August 31st total of 315,854 shares. Based on an average daily trading volume, of 9,420 shares, the short-interest ratio is currently 166.8 days.

Analysts Set New Price Targets

A number of brokerages have recently commented on AIBRF. Citigroup reaffirmed a “buy” rating on shares of AIB Group in a research report on Monday. Royal Bank Of Canada reissued an “underperform” rating on shares of AIB Group in a research note on Wednesday, August 5th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, AIB Group presently has an average rating of “Hold”.

AIB Group Stock Performance

AIBRF stock opened at $12.62 on Friday. The business has a 50-day moving average price of $12.43 and a 200 day moving average price of $11.61. AIB Group has a 1-year low of $8.25 and a 1-year high of $13.70.

AIB Group Company Profile

AIB Group plc is an Ireland-based financial services group serving personal, business and corporate customers. Its principal banking brands include Allied Irish Banks (AIB), EBS and Haven, and its operations are focused primarily on the Republic of Ireland and the United Kingdom.

The group provides a broad range of banking products and services, including current and savings accounts, residential mortgages, personal loans, credit cards, business lending, deposits, payment services and investment or wealth-related solutions.