OTP Bank Nyrt. (OTCMKTS:OTPBF) Sees Large Drop in Short Interest

by · The Markets Daily

OTP Bank Nyrt. (OTCMKTS:OTPBF – Get Free Report) was the target of a large decrease in short interest in June. As of June 30th, there was short interest totaling 17,688 shares, a decrease of 68.4% from the June 15th total of 56,011 shares. Based on an average daily volume of 129 shares, the days-to-cover ratio is presently 137.1 days.

OTP Bank Nyrt. Stock Performance

Shares of OTCMKTS:OTPBF remained flat at C$144.00 during midday trading on Friday. OTP Bank Nyrt. has a 1 year low of C$90.37 and a 1 year high of C$147.00. The stock has a 50 day simple moving average of C$142.73 and a 200 day simple moving average of C$126.35.

OTP Bank Nyrt. Company Profile

(Get Free Report)

OTP Bank Nyrt. is Hungary’s largest commercial bank, offering a full spectrum of financial services to retail, corporate and institutional clients. As a universal banking group, OTP provides deposit accounts, consumer and mortgage loans, credit cards and leasing solutions alongside corporate lending, trade and project finance. The bank also operates dedicated investment banking, asset management and insurance units, delivering integrated financial products through a multi‐channel network of branches, ATMs, internet and mobile platforms.

Originally established in 1949 as a state savings institution, OTP Bank underwent a series of privatizations beginning in the mid-1990s and has since transformed into a leading regional banking group.

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