Komercní banka, a.s. (OTCMKTS:KMERF) Sees Large Increase in Short Interest

Komercní banka, a.s. (OTCMKTS:KMERF) saw a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 28,100 shares, an increase of 234.5% from the December 15th total of 8,400 shares. Based on an average daily trading volume, of 100 shares, the days-to-cover ratio is presently 281.0 days.

OTCMKTS:KMERF remained flat at $$42.25 during trading hours on Friday. The stock’s fifty day simple moving average is $41.34 and its 200 day simple moving average is $39.10. Komercní banka, a.s. has a 1-year low of $29.25 and a 1-year high of $42.70.

Separately, JPMorgan Chase & Co. increased their price objective on shares of Komercní banka, a.s. from 1,120.00 to 1,245.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 14th.

Komercní banka, a.s. Company Profile

Komercní banka, a.s. engages in the provision of retail and commercial banking services. It operates through the following business segments: Retail Banking, Corporate Banking, Investment Banking, and Others. The Retail Banking segment provides products and services to individuals, predominantly current and savings accounts, term deposits, building savings, pension insurance, overdrafts, credit card loans, personal loans, and mortgages.

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