Close Brothers Group plc (OTCMKTS:CBGPY) Sees Large Increase in Short Interest

Close Brothers Group plc (OTCMKTS:CBGPY) saw a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 4,800 shares, an increase of 108.7% from the February 29th total of 2,300 shares. Based on an average daily trading volume, of 1,500 shares, the days-to-cover ratio is presently 3.2 days.

Close Brothers Group Price Performance

Close Brothers Group stock remained flat at $9.68 during mid-day trading on Thursday. The company’s stock had a trading volume of 29 shares, compared to its average volume of 897. The company has a fifty day moving average of $10.87 and a 200 day moving average of $16.66. Close Brothers Group has a fifty-two week low of $7.34 and a fifty-two week high of $25.41.

About Close Brothers Group

Close Brothers Group plc, a merchant banking company, engages in the provision of financial services to small businesses and individuals in the United Kingdom. It operates through five segments: Commercial, Retail, Property, Asset Management, and Securities. The company offers banking services comprising of debt factoring, invoice discounting, asset-based lending; financing for SMEs, residential housing, transport, industrial equipment, renewable energy, motorcycle, used car, and commercial vehicle financing; insurance, refurbishment, and bridging financing, savings products for individuals and corporates, hire purchase, lease, and loan related services.