AIB Group plc (OTCMKTS:AIBRF) Short Interest Down 98.2% in May

AIB Group plc (OTCMKTS:AIBRF – Get Free Report) was the target of a large decrease in short interest in May. As of May 29th, there was short interest totaling 39,069 shares, a decrease of 98.2% from the May 14th total of 2,177,648 shares. Based on an average daily volume of 1,984 shares, the short-interest ratio is presently 19.7 days.

Analyst Upgrades and Downgrades

AIBRF has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of AIB Group in a research report on Monday, April 13th. Royal Bank Of Canada restated a “sector perform” rating on shares of AIB Group in a research report on Thursday, May 7th. Finally, Citigroup restated a “buy” rating on shares of AIB Group in a research report on Monday, April 13th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

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AIB Group Stock Performance

AIB Group stock remained flat at $11.37 during mid-day trading on Tuesday. The company’s stock had a trading volume of 2,734 shares, compared to its average volume of 3,179. AIB Group has a 1-year low of $7.35 and a 1-year high of $12.04. The firm’s 50-day moving average is $11.14 and its two-hundred day moving average is $10.69.

About AIB Group

(Get Free Report)

AIB Group plc is a leading commercial bank headquartered in Dublin, Ireland, offering a broad range of banking and financial services to personal, business, and corporate customers. Tracing its modern roots to the 1966 merger of three Irish banks—Allied Irish Banks, Provincial Bank of Ireland and Royal Bank of Ireland—AIB has evolved into one of Ireland’s “Big Four” banks. Its shares trade on the Irish Stock Exchange and, in the United States, in the form of American Depositary Receipts under the ticker AIBRF on the OTC Markets.

The bank’s core business activities include retail and private banking, corporate and institutional banking, and treasury services.

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