Banca Monte dei Paschi di Siena S.p.A. (OTCMKTS:BMDPF) Short Interest Up 58.1% in March

Banca Monte dei Paschi di Siena S.p.A. (OTCMKTS:BMDPF) was the recipient of a large growth in short interest in March. As of March 13th, there was short interest totaling 20,520,223 shares, a growth of 58.1% from the February 26th total of 12,975,683 shares. Based on an average daily trading volume, of 12,456 shares, the short-interest ratio is currently 1,647.4 days.

Banca Monte dei Paschi di Siena Price Performance

OTCMKTS BMDPF traded down $0.18 on Friday, hitting $8.65. The company had a trading volume of 51,872 shares, compared to its average volume of 5,049. The company’s fifty day moving average price is $9.65 and its 200-day moving average price is $9.53. Banca Monte dei Paschi di Siena has a 12-month low of $7.53 and a 12-month high of $11.29.

About Banca Monte dei Paschi di Siena

Banca Monte dei Paschi di Siena (OTCMKTS: BMDPF) is one of Italy’s most historic banking institutions, tracing its origins back to 1472 in the city of Siena. As one of the oldest continuously operating banks in the world, it has played a central role in Italy’s financial history and has evolved into a full-service commercial banking group.

The bank’s core business activities span retail and corporate banking, including deposit-taking, payment services, consumer and mortgage lending, and working capital solutions.