Intesa Sanpaolo S.p.A. (OTCMKTS:ISNPY) Sees Significant Increase in Short Interest

Intesa Sanpaolo S.p.A. (OTCMKTS:ISNPY) was the target of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 58,900 shares, a growth of 277.6% from the February 28th total of 15,600 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 512,100 shares, the short-interest ratio is currently 0.1 days.

Wall Street Analyst Weigh In

Separately, Kepler Capital Markets raised Intesa Sanpaolo to a “hold” rating in a report on Monday.

Intesa Sanpaolo Trading Down 1.6 %

Intesa Sanpaolo stock traded down $0.50 during mid-day trading on Thursday, hitting $31.68. The stock had a trading volume of 200,545 shares, compared to its average volume of 175,743. Intesa Sanpaolo has a one year low of $20.71 and a one year high of $32.62. The firm’s 50 day moving average is $28.74 and its 200 day moving average is $26.12.

Intesa Sanpaolo Company Profile

Intesa Sanpaolo S.p.A. provides various financial products and services primarily in Italy. It operates through six segments: Banca dei Territori, IMI Corporate & Investment Banking, International Subsidiary Banks, Asset Management, Private Banking, and Insurance. The company offers lending and deposit products; private and commercial banking, corporate and transaction banking, structured finance, investment banking, public finance, and capital markets; industrial credit, leasing, and factoring; asset management; life and non-life insurance and pension products; asset and wealth management; private investments; and bancassurance products.