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Short Interest in Bank of Ireland Group Plc (OTCMKTS:BKRIY) Decreases By 99.9%

kopsource ·  Nov 11, 2022 08:01

Bank of Ireland Group plc (OTCMKTS:BKRIY – Get Rating) was the recipient of a significant drop in short interest in October. As of October 31st, there was short interest totalling 500 shares, a drop of 99.9% from the October 15th total of 574,600 shares. Based on an average daily volume of 50,600 shares, the days-to-cover ratio is currently 0.0 days.

Bank of Ireland Group Stock Performance

OTCMKTS BKRIY opened at $7.60 on Friday. The business has a 50 day simple moving average of $7.08 and a two-hundred day simple moving average of $6.51. Bank of Ireland Group has a 1-year low of $5.35 and a 1-year high of $7.87.

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Analysts Set New Price Targets

Several research firms recently issued reports on BKRIY. Morgan Stanley increased their target price on Bank of Ireland Group from €7.00 ($7.00) to €7.20 ($7.20) and gave the stock an "equal weight" rating in a research report on Tuesday, July 19th. JPMorgan Chase & Co. increased their target price on Bank of Ireland Group from €7.00 ($7.00) to €7.10 ($7.10) in a research report on Wednesday, September 7th. Keefe, Bruyette & Woods cut Bank of Ireland Group from an "outperform" rating to a "market perform" rating in a report on Wednesday, October 19th. Finally, Barclays raised their price target on Bank of Ireland Group from €10.40 ($10.40) to €11.00 ($11.00) in a report on Monday, October 24th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Bank of Ireland Group has a consensus rating of "Hold" and a consensus price target of $8.83.

Bank of Ireland Group Company Profile

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Bank of Ireland Group plc provides various banking and financial products and services. The company operates through Retail Ireland, Wealth and Insurance, Retail UK, and Corporate and Treasury segments. It provides current and savings accounts, and business deposits and accounts; personal, car, home improvement, graduate, and student loans, as well as overdrafts; and business and farming loans, BREXIT loans, invoice finance, hire purchase, and leasing services.

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