AIB Group plc (OTCMKTS:AIBRF – Get Free Report) was the target of a large increase in short interest in March. As of March 15th, there was short interest totalling 492,000 shares, an increase of 42.0% from the February 28th total of 346,500 shares. Based on an average daily volume of 6,500 shares, the days-to-cover ratio is presently 75.7 days.
AIB Group Stock Down 6.3 %
Shares of OTCMKTS:AIBRF opened at $6.49 on Monday. AIB Group has a 1 year low of $4.95 and a 1 year high of $7.65. The stock’s fifty day moving average price is $6.61 and its 200-day moving average price is $5.93.
Analyst Ratings Changes
Several research analysts have recently issued reports on AIBRF shares. Morgan Stanley reiterated an “underweight” rating on shares of AIB Group in a research note on Friday, March 7th. Royal Bank of Canada reaffirmed a “sector perform” rating on shares of AIB Group in a research report on Tuesday, March 11th.
About AIB Group
AIB Group plc provides banking and financial products and services to retail, business, and corporate customers in the Republic of Ireland and the United Kingdom. It operates through Retail Banking, AIB Capital Markets, and AIB UK, and Group segments. The company offers current and savings accounts, demand deposits, notice deposits, fixed term deposits, junior/student saver deposits, and currency deposits.
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