Short Interest in Concordia Financial Group, Ltd. (OTCMKTS:CRDIY) Drops By 33.0%

Concordia Financial Group, Ltd. (OTCMKTS:CRDIY) was the recipient of a significant decline in short interest in March. As of March 31st, there was short interest totaling 799 shares, a decline of 33.0% from the March 15th total of 1,192 shares. Based on an average trading volume of 9,524 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Concordia Financial Group Trading Down 4.7%

Shares of Concordia Financial Group stock opened at $29.53 on Tuesday. The company’s 50-day moving average price is $29.30 and its two-hundred day moving average price is $25.87. Concordia Financial Group has a 52 week low of $16.12 and a 52 week high of $39.91.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of Concordia Financial Group to a “hold” rating in a research report on Thursday, April 9th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, Concordia Financial Group has an average rating of “Hold”.

Concordia Financial Group Company Profile

Concordia Financial Group, Inc is a regional financial holding company headquartered in Japan’s Kanto region. Established in March 2015 through the merger of two regional banks, the company provides banking and financial services under its principal operating subsidiaries, The Joyo Bank, Ltd. and Ibaraki Bank, Ltd. As a bank holding company, Concordia Financial Group oversees strategic planning, risk management and corporate governance for its banking operations.

The group’s core business activities encompass deposit-taking, lending, foreign exchange, trade finance and cash management services for both individual and corporate clients.