Close Brothers Group plc (OTCMKTS:CBGPF) Sees Significant Increase in Short Interest

Close Brothers Group plc (OTCMKTS:CBGPF) saw a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 1,202,900 shares, a growth of 8,744.9% from the October 15th total of 13,600 shares. Based on an average daily trading volume, of 100 shares, the days-to-cover ratio is presently 12,029.0 days.

Close Brothers Group Price Performance

Close Brothers Group stock remained flat at $3.53 during midday trading on Tuesday. Close Brothers Group has a 52-week low of $3.53 and a 52-week high of $3.53. The business has a 50 day moving average price of $8.17 and a 200-day moving average price of $8.74.

About Close Brothers Group

Close Brothers Group plc, a merchant banking company, engages in the provision of financial services to small businesses and individuals in the United Kingdom. It operates through five segments: Commercial, Retail, Property, Asset Management, and Securities. The company offers banking services comprising of debt factoring, invoice discounting, asset-based lending; financing for SMEs, residential housing, transport, industrial equipment, renewable energy, motorcycle, used car, and commercial vehicle financing; insurance, refurbishment, and bridging financing, savings products for individuals and corporates, hire purchase, lease, and loan related services.