BPER Banca SpA (OTCMKTS:BPXXY) Sees Significant Increase in Short Interest

BPER Banca SpA (OTCMKTS:BPXXY) was the recipient of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 484 shares, a growth of 89.8% from the July 30th total of 255 shares. Based on an average trading volume of 86 shares, the short-interest ratio is currently 5.6 days.

Wall Street Analyst Weigh In

Several analysts have commented on the company. UBS Group downgraded BPER Banca to a “neutral” rating in a research note on Friday, May 15th. Deutsche Bank Aktiengesellschaft lowered BPER Banca from a “buy” rating to a “hold” rating in a report on Monday, May 18th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold”.

BPER Banca Stock Up 3.7%

OTCMKTS BPXXY opened at $32.99 on Friday. The business has a 50 day moving average price of $32.32 and a 200 day moving average price of $29.30. BPER Banca has a 1-year low of $22.66 and a 1-year high of $35.78.

BPER Banca Company Profile

BPER Banca S.p.A., formerly known as Banca Popolare dell’Emilia Romagna, is an Italian banking group headquartered in Modena, Italy. Established in 1867, the company provides a broad range of financial services to retail, corporate and institutional clients. BPER Banca operates through an extensive branch network across Italy and maintains an over?the?counter listing in the United States under the ticker symbol BPXXY.

The bank’s core activities encompass traditional retail banking products—such as current and savings accounts, mortgages and personal loans—alongside corporate lending, trade finance, leasing and factoring services.