TBC Bank Group PLC (OTCMKTS:TBCCF) Sees Significant Drop in Short Interest

TBC Bank Group PLC (OTCMKTS:TBCCF) was the target of a large drop in short interest in the month of May. As of May 31st, there was short interest totalling 9,700 shares, a drop of 21.8% from the May 15th total of 12,400 shares. Based on an average daily volume of 1,800 shares, the days-to-cover ratio is presently 5.4 days.

TBC Bank Group Stock Performance

TBCCF stock remained flat at $33.10 during mid-day trading on Friday. The company has a fifty day moving average price of $32.51 and a 200 day moving average price of $31.52. TBC Bank Group has a 12-month low of $32.50 and a 12-month high of $33.10.

About TBC Bank Group

TBC Bank Group PLC, through its subsidiaries, provides banking, leasing, insurance, brokerage, and card processing services to corporate and individual customers in Georgia, Azerbaijan, and Uzbekistan. The company operates through Corporate; Retail; and Micro, Small and Medium Enterprises segments. It offers mortgage, digital, consumer, car, pawnshop, and startup loans, as well as overdraft; working capital and fixed assets financing, credit line, trade finance, and business financing; treasury products; and term and savings deposits, mortgage, credit cards; current, and nominee account services.