Is Buying CLOSE BROTHERS GROUP PLC ORD ORDINARY SH (OTCMKTS:CBGPF), Having Higher Short Interest a Winning Strategy?

April 20, 2018 - By Maria Brooks

Close Brothers Group plc (OTCMKTS:CBGPF) Logo

The stock of CLOSE BROTHERS GROUP PLC ORD ORDINARY SH (OTCMKTS:CBGPF) registered an increase of 12.19% in short interest. CBGPF’s total short interest was 1.10M shares in April as published by FINRA. Its up 12.19% from 980,300 shares, reported previously. With 300 shares average volume, it will take short sellers 3666 days to cover their CBGPF’s short positions.

It closed at $21 lastly. It is down 0.00% since April 20, 2017 and is . It has underperformed by 11.55% the S&P500.

Close Brothers Group plc, a merchant banking company, provides financial services to small businesses and individuals firms in the United Kingdom. The company has market cap of $3.09 billion. It operates through five divisions: Commercial Finance, Retail Finance, Property Finance, Securities, and Asset Management. It has a 11.35 P/E ratio. The firm offers various deposit products, including fixed term deposits and notice accounts.

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