Close Brothers Group plc (OTCMKTS:CBGPF) Sees Large Growth in Short Interest

Close Brothers Group plc (OTCMKTS:CBGPF) was the recipient of a large increase in short interest during the month of November. As of November 15th, there was short interest totalling 1,387,000 shares, an increase of 15.3% from the October 31st total of 1,202,900 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is presently ∞ days.

Close Brothers Group Price Performance

Close Brothers Group stock remained flat at $3.53 during midday trading on Tuesday. The company’s 50 day moving average price is $6.62 and its 200-day moving average price is $8.21. Close Brothers Group has a 12-month low of $3.53 and a 12-month high of $3.53.

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.