EFG International AG (OTCMKTS:EFGXY) Stock Short Interest Drops 89.0%

EFG International AG (OTCMKTS:EFGXY) was the recipient of a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 9 shares, a decrease of 89.0% from the September 30th total of 82 shares. Based on an average daily trading volume, of 142 shares, the days-to-cover ratio is currently 0.1 days.

EFG International Price Performance

EFGXY opened at C$19.60 on Tuesday. The business’s 50-day moving average price is C$20.64 and its two-hundred day moving average price is C$21.92. EFG International has a 1 year low of C$18.29 and a 1 year high of C$25.85.

Analysts Set New Price Targets

Separately, Citigroup restated a “buy” rating on shares of EFG International in a research report on Thursday, July 23rd. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold”.

About EFG International

EFG International AG is a Switzerland-based private banking and wealth management group headquartered in Zurich. Through EFG Bank and related entities, the company provides services to private clients, entrepreneurs, families and institutions, with a focus on preserving and growing wealth over the long term.

Its principal offerings include investment advisory and discretionary portfolio management, securities trading and brokerage, wealth planning, lending and other banking services. EFG also provides asset management and investment solutions, supported by relationship managers and investment professionals who serve clients according to their individual financial objectives.

EFG International operates through a network spanning Switzerland, Europe, the Americas, Asia-Pacific and other selected international financial centers.