AIB Group plc (OTCMKTS:AIBRF) Short Interest Update

AIB Group plc (OTCMKTS:AIBRF) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totalling 103,300 shares, an increase of 26.7% from the August 15th total of 81,500 shares. Based on an average daily trading volume, of 23,100 shares, the days-to-cover ratio is currently 4.5 days.

A number of equities research analysts have commented on the company. Barclays upgraded AIB Group from an “underweight” rating to an “equal weight” rating in a report on Tuesday, May 26th. Morgan Stanley reiterated an “equal weight” rating on shares of AIB Group in a report on Monday, June 15th. Berenberg Bank reissued a “buy” rating on shares of AIB Group in a research note on Friday, June 5th. Finally, UBS Group raised AIB Group from a “neutral” rating to a “buy” rating in a research note on Thursday, September 3rd. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. AIB Group currently has an average rating of “Buy”.

Shares of AIB Group stock remained flat at $$1.24 during trading hours on Wednesday. AIB Group has a fifty-two week low of $0.87 and a fifty-two week high of $3.70. The company has a fifty day moving average price of $1.24 and a two-hundred day moving average price of $1.29.

About AIB Group

AIB Group plc provides banking and financial products and services to retail, business, and corporate customers. It operates through Retail Banking, Corporate Institutional & Business Banking, AIB UK, and Group segments. The company offers current and savings accounts, demand deposits, notice deposits, fixed term deposits, junior/student saver deposits, and currency deposits.

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