Short Interest in AIB Group plc (OTCMKTS:AIBRF) Grows By 42.0%

AIB Group plc (OTCMKTS:AIBRF) was the recipient of a significant 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 short-interest ratio is presently 75.7 days.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on AIBRF. Morgan Stanley reissued an “underweight” rating on shares of AIB Group in a research report on Friday, March 7th. Royal Bank of Canada reiterated a “sector perform” rating on shares of AIB Group in a report on Tuesday, March 11th.

AIB Group Stock Up 0.7 %

Shares of OTCMKTS:AIBRF opened at $6.54 on Tuesday. The business’s 50 day moving average is $6.63 and its 200 day moving average is $5.94. AIB Group has a 12-month low of $4.95 and a 12-month high of $7.65.

AIB Group Company Profile

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.