Julius Bär Gruppe AG (OTCMKTS:JBAXY) Short Interest Up 181.5% in July

Julius Bär Gruppe AG (OTCMKTS:JBAXY) was the recipient of a significant increase in short interest in July. As of July 15th, there was short interest totalling 7,600 shares, an increase of 181.5% from the June 30th total of 2,700 shares. Based on an average daily trading volume, of 115,800 shares, the days-to-cover ratio is presently 0.1 days.

Julius Bär Gruppe Stock Performance

OTCMKTS JBAXY traded up $0.05 during mid-day trading on Friday, hitting $10.73. The stock had a trading volume of 231,558 shares, compared to its average volume of 165,672. The company has a 50 day simple moving average of $11.57 and a 200 day simple moving average of $11.25. Julius Bär Gruppe has a 52-week low of $9.73 and a 52-week high of $14.52.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. HSBC cut shares of Julius Bär Gruppe from a “buy” rating to a “hold” rating in a research note on Wednesday, July 10th. Hsbc Global Res upgraded shares of Julius Bär Gruppe to a “hold” rating in a research report on Wednesday, July 10th.

About Julius Bär Gruppe

Julius Bär Gruppe AG provides wealth management solutions in Switzerland, Europe, the Americas, Asia, and internationally. The company offers investment advisory and discretionary mandates; structured products, securities execution and advisory, private markets and fund offering; wealth planning, family office services; asset servicing, and lombard lending solutions.