AIB Group plc (OTCMKTS:AIBRF) Short Interest Update

AIB Group plc (OTCMKTS:AIBRF) was the recipient of a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 46,518 shares, a drop of 58.8% from the July 15th total of 112,861 shares. Based on an average daily trading volume, of 2,668 shares, the days-to-cover ratio is presently 17.4 days.

AIB Group Stock Performance

OTCMKTS:AIBRF opened at $11.76 on Monday. The stock has a 50-day moving average price of $11.80 and a 200 day moving average price of $11.18. AIB Group has a 12-month low of $7.82 and a 12-month high of $12.49.

Analysts Set New Price Targets

A number of brokerages recently issued reports on AIBRF. Royal Bank Of Canada reiterated an “underperform” rating on shares of AIB Group in a research note on Wednesday, August 5th. Citigroup restated a “buy” rating on shares of AIB Group in a research note on Monday, August 10th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, AIB Group presently has an average rating of “Hold”.

AIB Group Company Profile

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.