Bank of Cyprus Holdings Public Limited (OTCMKTS:BKCYF) Sees Large Decline in Short Interest

Bank of Cyprus Holdings Public Limited (OTCMKTS:BKCYF) was the recipient of a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 43 shares, a decrease of 99.6% from the May 31st total of 12,092 shares. Based on an average trading volume of 7 shares, the days-to-cover ratio is currently 6.1 days.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Bank of Cyprus Holdings Public in a report on Friday, June 5th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Bank of Cyprus Holdings Public currently has an average rating of “Buy”.

Bank of Cyprus Holdings Public Stock Performance

Shares of BKCYF remained flat at C$11.88 during midday trading on Thursday. The company has a 50-day simple moving average of C$11.57 and a 200-day simple moving average of C$10.64. Bank of Cyprus Holdings Public has a fifty-two week low of C$9.87 and a fifty-two week high of C$11.88.

About Bank of Cyprus Holdings Public

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.