Banco de Sabadell, S.A. (OTCMKTS:BNDSY) Sees Large Decline in Short Interest

Banco de Sabadell, S.A. (OTCMKTS:BNDSY) saw a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 1,122 shares, a drop of 59.9% from the July 15th total of 2,798 shares. Based on an average trading volume of 5,517 shares, the short-interest ratio is currently 0.2 days.

Banco de Sabadell Price Performance

Shares of OTCMKTS BNDSY traded down $0.33 on Friday, reaching $8.43. 570 shares of the company’s stock traded hands, compared to its average volume of 6,236. Banco de Sabadell has a 12 month low of $6.15 and a 12 month high of $8.75. The business’s 50 day simple moving average is $7.44 and its two-hundred day simple moving average is $7.50.

About Banco de Sabadell

Grupo Banco Sabadell SA, traded in the U.S. on the OTC market under the symbol BNDSY, is a diversified banking group headquartered in Alicante, Spain, with roots dating back to its founding in 1881 in the city of Sabadell. The bank provides a full range of financial services, including retail and commercial lending, deposit accounts, mortgages, credit and debit card programs, leasing, factoring, and consumer finance. It also offers corporate and investment banking solutions such as syndicated loans, debt issuance, trade finance, and foreign exchange services.

Over its history, Banco Sabadell has grown through a series of domestic and international acquisitions, establishing itself as one of Spain’s leading financial institutions.