Banca Mediolanum S.p.A. (OTCMKTS:BNCDY) Short Interest Update

Banca Mediolanum S.p.A. (OTCMKTS:BNCDY) was the recipient of a significant decrease in short interest in June. As of June 30th, there was short interest totaling 2,014 shares, a decrease of 71.0% from the June 15th total of 6,933 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 2,237 shares, the short-interest ratio is currently 0.9 days.

Banca Mediolanum Stock Performance

BNCDY stock opened at $50.75 on Monday. The firm has a 50 day moving average of $47.64 and a 200-day moving average of $44.75. Banca Mediolanum has a 12 month low of $33.91 and a 12 month high of $52.50.

Analysts Set New Price Targets

Separately, Zacks Research upgraded Banca Mediolanum to a “hold” rating in a research report on Wednesday, April 29th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

About Banca Mediolanum

Banca Mediolanum is an Italian banking and financial services group that operates through a network of financial advisors and direct banking channels. The company provides a broad spectrum of retail banking products, including deposit accounts, mortgages, personal loans and consumer credit. In addition to its core banking activities, Banca Mediolanum offers asset management solutions and life and pension insurance products through its subsidiaries.

The institution traces its origins to 1982, when entrepreneur Ennio Doris founded Mediolanum S.p.A.