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

Close Brothers Group plc (OTCMKTS:CBGPY) saw a significant drop in short interest during the month of December. As of December 15th, there was short interest totalling 4,900 shares, a drop of 30.0% from the November 30th total of 7,000 shares. Based on an average trading volume of 3,100 shares, the days-to-cover ratio is presently 1.6 days.

Close Brothers Group Stock Performance

Shares of OTCMKTS CBGPY remained flat at $5.61 during mid-day trading on Friday. The stock had a trading volume of 23 shares, compared to its average volume of 1,851. Close Brothers Group has a fifty-two week low of $4.62 and a fifty-two week high of $20.21. The stock’s 50-day moving average is $5.99 and its 200-day moving average is $9.83.

Close Brothers Group Company Profile

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.