Alior Bank S.A. (OTCMKTS:ALORY) Sees Large Decline in Short Interest

Alior Bank S.A. (OTCMKTS:ALORY) saw a large decrease in short interest in October. As of October 15th, there was short interest totaling 53 shares, a decrease of 88.4% from the September 30th total of 456 shares. Based on an average daily trading volume, of 1,038 shares, the days-to-cover ratio is presently 0.1 days.

Analyst Upgrades and Downgrades

Several research analysts recently commented on ALORY shares. Citigroup raised shares of Alior Bank from a “neutral” rating to a “buy” rating in a report on Monday, September 21st. Oddo Bhf raised shares of Alior Bank from a “neutral” rating to an “outperform” rating in a report on Tuesday. Two investment analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, Alior Bank presently has an average rating of “Buy”.

Alior Bank Price Performance

Shares of ALORY opened at C$13.84 on Wednesday. The stock’s 50-day simple moving average is C$16.29 and its 200 day simple moving average is C$15.13. Alior Bank has a 52-week low of C$13.84 and a 52-week high of C$19.21.

Alior Bank Company Profile

Alior Bank SA is a Polish universal bank headquartered in Warsaw. Established in 2008, the bank provides financial services to individual customers, small and medium-sized businesses, and corporate clients throughout Poland.

Its offerings include current and savings accounts, consumer and mortgage lending, business loans, payment cards, deposits, cash-management services, and electronic and mobile banking. Alior Bank also provides financing and other services for companies, including leasing and transactional banking solutions.

The bank has developed a digitally focused operating model while maintaining service through branches and other distribution channels.