Julius Bär Gruppe AG (OTCMKTS:JBAXY) Short Interest Down 75.5% in May

Julius Bär Gruppe AG (OTCMKTS:JBAXY) was the target of a large decrease in short interest in the month of May. As of May 15th, there was short interest totaling 3,306 shares, a decrease of 75.5% from the April 30th total of 13,483 shares. Based on an average trading volume of 98,838 shares, the short-interest ratio is presently 0.0 days.

Wall Street Analyst Weigh In

Several research firms have issued reports on JBAXY. Citigroup upgraded shares of Julius Bär Gruppe from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 22nd. Zacks Research cut shares of Julius Bär Gruppe from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 17th. Finally, Barclays upgraded shares of Julius Bär Gruppe from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 20th. Two investment analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Julius Bär Gruppe presently has an average rating of “Buy”.

Julius Bär Gruppe Price Performance

Shares of OTCMKTS JBAXY traded up $0.25 during midday trading on Friday, hitting $16.23. 209,763 shares of the company’s stock traded hands, compared to its average volume of 100,109. Julius Bär Gruppe has a 1 year low of $12.43 and a 1 year high of $17.70. The firm has a fifty day moving average of $15.84 and a 200 day moving average of $15.82.

Julius Bär Gruppe Company Profile

Julius Bär Gruppe (OTCMKTS: JBAXY) is a Swiss global wealth manager headquartered in Zurich. The group specialises in private banking and asset management services for high-net-worth individuals and families. With a client-centric approach, Julius Bär offers tailored investment solutions designed to preserve and grow clients’ wealth over the long term.

The firm’s core services include discretionary and advisory portfolio management, wealth planning, lending and credit facilities, customised trading solutions and family office services.