Short Interest in Julius Bär Gruppe AG (OTCMKTS:JBAXY) Expands By 99.3%

Julius Bär Gruppe AG (OTCMKTS:JBAXY) was the recipient of a large growth in short interest in the month of March. As of March 31st, there was short interest totaling 81,234 shares, a growth of 99.3% from the March 15th total of 40,761 shares. Based on an average daily trading volume, of 195,828 shares, the days-to-cover ratio is presently 0.4 days.

Julius Bär Gruppe Stock Up 1.8%

OTCMKTS JBAXY traded up $0.28 during trading on Monday, hitting $15.93. The stock had a trading volume of 65,646 shares, compared to its average volume of 85,109. Julius Bär Gruppe has a one year low of $11.75 and a one year high of $17.70. The stock has a 50 day simple moving average of $15.87 and a 200 day simple moving average of $15.16.

Wall Street Analysts Forecast Growth

Separately, Zacks Research lowered Julius Bär Gruppe from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 17th. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat, Julius Bär Gruppe currently has a consensus rating of “Hold”.

Julius Bär Gruppe Company Profile

Julius Bär Gruppe (OTCMKTS: JBAXY) is a Swiss global wealth manager headquartered in Zurich. The group specialises in private banking and asset management services for high-net-worth individuals and families. With a client-centric approach, Julius Bär offers tailored investment solutions designed to preserve and grow clients’ wealth over the long term.

The firm’s core services include discretionary and advisory portfolio management, wealth planning, lending and credit facilities, customised trading solutions and family office services.