Vontobel Holding AG (OTCMKTS:VONHF) Sees Significant Decrease in Short Interest

Vontobel Holding AG (OTCMKTS:VONHF) was the target of a large decline in short interest in June. As of June 30th, there was short interest totaling 1,109 shares, a decline of 62.5% from the June 15th total of 2,957 shares. Based on an average daily volume of 1,140 shares, the days-to-cover ratio is presently 1.0 days.

Vontobel Price Performance

Shares of VONHF stock opened at C$90.19 on Tuesday. The stock’s 50-day moving average is C$90.19 and its 200 day moving average is C$83.96. Vontobel has a 1-year low of C$69.62 and a 1-year high of C$90.19.

Analyst Upgrades and Downgrades

Separately, Citigroup reiterated a “neutral” rating on shares of Vontobel in a research note on Monday. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Vontobel presently has an average rating of “Hold”.

Vontobel Company Profile

Vontobel is a Switzerland-based financial services group focused on private banking, asset management and investment banking. The firm provides a broad range of wealth management services to high-net-worth individuals, families and family offices, including tailored portfolio solutions, estate and succession planning, and bespoke structuring. In its asset management division, Vontobel offers equities, fixed income, multi-asset and alternative investment strategies to institutional investors, pension funds and retail clients, supported by active research and risk management capabilities.

Founded in 1924 and headquartered in Zurich, Vontobel has grown from a regional private bank into a globally active financial institution.