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

Julius Bär Gruppe AG (OTCMKTS:JBAXY) saw a significant growth in short interest during the month of October. As of October 15th, there was short interest totalling 70,800 shares, a growth of 1,715.4% from the September 30th total of 3,900 shares. Based on an average daily trading volume, of 424,800 shares, the days-to-cover ratio is presently 0.2 days.

Julius Bär Gruppe Price Performance

Shares of Julius Bär Gruppe stock traded down $0.06 during trading on Friday, hitting $12.42. 57,190 shares of the stock were exchanged, compared to its average volume of 177,446. Julius Bär Gruppe has a 12-month low of $9.73 and a 12-month high of $12.79. The firm’s 50-day moving average price is $11.80 and its 200 day moving average price is $11.51.

Analysts Set New Price Targets

Several equities analysts have recently commented on JBAXY shares. UBS Group raised Julius Bär Gruppe to a “strong-buy” rating in a research report on Friday, July 26th. Hsbc Global Res raised shares of Julius Bär Gruppe to a “hold” rating in a research note on Wednesday, July 10th. Royal Bank of Canada raised shares of Julius Bär Gruppe to a “moderate buy” rating in a research report on Friday, July 26th. Finally, HSBC cut Julius Bär Gruppe from a “buy” rating to a “hold” rating in a research note on Wednesday, July 10th.

About Julius Bär Gruppe

Julius Bär Gruppe AG provides wealth management solutions in Switzerland, Europe, the Americas, Asia, and internationally. The company offers investment advisory and discretionary mandates; structured products, securities execution and advisory, private markets and fund offering; wealth planning, family office services; asset servicing, and lombard lending solutions.