Julius Bär Gruppe AG (OTCMKTS:JBAXY) Short Interest Up 304.1% in July

Julius Bär Gruppe AG (OTCMKTS:JBAXY) saw a large growth in short interest in July. As of July 15th, there was short interest totaling 34,488 shares, a growth of 304.1% from the June 30th total of 8,534 shares. Based on an average daily trading volume, of 237,895 shares, the short-interest ratio is presently 0.1 days.

Julius Bär Gruppe Price Performance

Shares of JBAXY traded down $0.04 during trading hours on Monday, reaching $17.12. 4,645 shares of the company traded hands, compared to its average volume of 111,127. Julius Bär Gruppe has a 12-month low of $13.07 and a 12-month high of $18.62. The business has a fifty day moving average price of $16.98 and a 200-day moving average price of $16.45.

Wall Street Analyst Weigh In

JBAXY has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods cut Julius Bär Gruppe from a “hold” rating to a “moderate sell” rating in a research note on Friday, June 19th. Barclays upgraded shares of Julius Bär Gruppe from a “hold” rating to a “strong-buy” rating in a report on Monday, April 20th. Finally, Citigroup raised shares of Julius Bär Gruppe from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Julius Bär Gruppe currently has an average rating of “Moderate Buy”.

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.