Short Interest in CaixaBank, S.A. (OTCMKTS:CAIXY) Drops By 72.0%

CaixaBank, S.A. (OTCMKTS:CAIXY) was the target of a significant decrease in short interest in the month of January. As of January 15th, there was short interest totalling 51,800 shares, a decrease of 72.0% from the December 31st total of 185,000 shares. Based on an average daily trading volume, of 607,700 shares, the short-interest ratio is currently 0.1 days.

Analysts Set New Price Targets

CAIXY has been the topic of several analyst reports. Royal Bank of Canada upgraded CaixaBank to a “hold” rating in a report on Wednesday, January 15th. Barclays lowered shares of CaixaBank from a “strong-buy” rating to a “hold” rating in a report on Monday, October 21st.

CaixaBank Trading Down 2.9 %

CAIXY traded down $0.06 during midday trading on Thursday, reaching $2.03. 150,195 shares of the company’s stock traded hands, compared to its average volume of 267,750. CaixaBank has a 52 week low of $1.34 and a 52 week high of $2.75. The firm has a fifty day moving average of $1.84 and a two-hundred day moving average of $1.92.

About CaixaBank

CaixaBank, SA, together with its subsidiaries, provides various banking products and financial services in Spain and internationally. The company operates through Banking and Insurance, Equity Investments, and BPI segments. It also provides solutions related to security, protection, internationalization, and financing; traditional financial advice, independent advice, and broker services; asset management; liquidity management; capital markets, cash management, project finance, asset finance, and M&A services; and various financial services and solutions to public and private sector institutions, as well as distributes non-life and life risk insurance policies; and private banking services.