AIB Group plc (OTCMKTS:AIBRF) Sees Significant Drop in Short Interest

AIB Group plc (OTCMKTS:AIBRF) was the recipient of a large decline in short interest in the month of December. As of December 15th, there was short interest totalling 339,200 shares, a decline of 24.2% from the November 30th total of 447,200 shares. Based on an average daily trading volume, of 5,300 shares, the days-to-cover ratio is presently 64.0 days.

AIB Group Price Performance

AIBRF traded down $0.26 during mid-day trading on Friday, hitting $5.29. 16,177 shares of the stock were exchanged, compared to its average volume of 5,620. The firm’s fifty day moving average is $5.50 and its two-hundred day moving average is $5.56. AIB Group has a 1-year low of $4.05 and a 1-year high of $6.06.

AIB Group Company Profile

AIB Group plc provides banking and financial products and services to retail, business, and corporate customers in the Republic of Ireland and the United Kingdom. It operates through Retail Banking, AIB Capital Markets, and AIB UK, and Group segments. The company offers current and savings accounts, demand deposits, notice deposits, fixed term deposits, junior/student saver deposits, and currency deposits.