Julius Bär Gruppe AG (OTCMKTS:JBAXY) Shares Shorted: Short Interest Up 832.6% in September

Julius Bär Gruppe AG (OTCMKTS:JBAXY – Get Free Report) was the target of a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 292,959 shares, an increase of 832.6% from the September 15th total of 31,414 shares. Based on an average daily trading volume, of 478,937 shares, the days-to-cover ratio is currently 0.6 days.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods cut shares of Julius Bär Gruppe from a “hold” rating to a “moderate sell” rating in a research note on Friday, June 19th. Two analysts have rated the stock with a Strong Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

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Julius Bär Gruppe Price Performance

Shares of OTCMKTS JBAXY traded up $0.05 during midday trading on Friday, hitting $17.07. 57,817 shares of the stock traded hands, compared to its average volume of 107,435. The firm has a 50-day moving average of $18.06 and a two-hundred day moving average of $17.05. Julius Bär Gruppe has a one year low of $13.07 and a one year high of $18.93.

Julius Bär Gruppe Company Profile

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Julius Bär Gruppe AG is a Swiss private banking group headquartered in Zurich. Founded in 1890, the company focuses on wealth management for private clients, entrepreneurs, family offices and external asset managers rather than on mass-market retail banking or investment banking.

Its services include investment advice and portfolio management, wealth planning, financing and lending, foreign exchange, and other banking and capital-markets solutions. Julius Baer also provides access to investment products and structured solutions designed to support clients’ long-term wealth preservation and growth objectives.

The group serves clients through a global network covering Switzerland, Europe, the Americas, Asia and selected markets in the Middle East.

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