Julius Bär Gruppe AG (OTCMKTS:JBAXY – Get Free Report) saw a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 42,845 shares, a decrease of 85.4% from the September 30th total of 292,959 shares. Based on an average trading volume of 155,250 shares, the short-interest ratio is presently 0.3 days.
Julius Bär Gruppe Stock Up 1.0%
Shares of OTCMKTS:JBAXY opened at $16.51 on Tuesday. The stock’s 50-day moving average is $17.77 and its 200-day moving average is $16.88. Julius Bär Gruppe has a 52-week low of $13.16 and a 52-week high of $18.93.
Julius Bär Gruppe declared that its board has authorized a stock repurchase program on Friday, October 2nd that allows the company to repurchase outstanding shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Share buyback programs are generally a sign that the company’s leadership believes its stock is undervalued.
Julius Bär Gruppe Company Profile
Julius Bär Gruppe AG is a Swiss private banking group headquartered in Zurich. Founded in 1890, the company focuses on wealth management and serves private clients, entrepreneurs, family offices and selected institutional clients.
Its services include investment advisory and discretionary portfolio management, wealth planning, financing and lending, securities and foreign-exchange services, and access to structured products and other investment solutions. Julius Baer’s offerings are designed to address clients’ investment, succession-planning and broader wealth-management needs.
The group serves clients through a network spanning Switzerland, Europe, the Americas, Asia-Pacific and the Middle East.
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