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

Close Brothers Group plc (OTCMKTS:CBGPY) was the recipient of a significant decline in short interest during the month of December. As of December 31st, there was short interest totalling 4,300 shares, a decline of 12.2% from the December 15th total of 4,900 shares. Based on an average daily volume of 1,100 shares, the short-interest ratio is currently 3.9 days.

Close Brothers Group Stock Performance

Shares of CBGPY stock opened at $5.82 on Friday. Close Brothers Group has a 12-month low of $4.62 and a 12-month high of $15.31. The firm’s 50 day moving average is $5.57 and its 200 day moving average is $9.30.

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.