AIB Group plc (OTCMKTS:AIBRF – Get Free Report) saw a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 379,183 shares, a growth of 715.1% from the July 30th total of 46,518 shares. Based on an average trading volume of 1,402 shares, the short-interest ratio is presently 270.5 days.
Analyst Ratings Changes
AIBRF has been the topic of several recent research reports. Citigroup restated a “buy” rating on shares of AIB Group in a research report on Monday, August 10th. Royal Bank Of Canada reiterated an “underperform” rating on shares of AIB Group in a report on Wednesday, August 5th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, AIB Group has an average rating of “Hold”.
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AIB Group Price Performance
About AIB Group
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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