CaixaBank, S.A. Unsponsored ADR (OTCMKTS:CAIXY) Shares Shorted: Short Interest Down 43.0% in October

CaixaBank, S.A. Unsponsored ADR (OTCMKTS:CAIXY) was the target of a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 54,880 shares, a drop of 43.0% from the September 30th total of 96,285 shares. Based on an average trading volume of 838,875 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CAIXY. UBS Group raised shares of CaixaBank from a “hold” rating to a “buy” rating in a research report on Wednesday, September 23rd. Citigroup restated a “buy” rating on shares of CaixaBank in a research report on Monday, October 5th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of CaixaBank in a research note on Tuesday, August 4th. Finally, Keefe, Bruyette & Woods downgraded CaixaBank from a “hold” rating to a “moderate sell” rating in a report on Monday, August 17th. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, CaixaBank currently has an average rating of “Hold”.

CaixaBank Trading Up 3.2%

Shares of OTCMKTS CAIXY traded up $0.13 during midday trading on Monday, hitting $4.25. The company’s stock had a trading volume of 697,922 shares, compared to its average volume of 415,922. The business’s fifty day simple moving average is $4.71 and its two-hundred day simple moving average is $4.43. CaixaBank has a 1 year low of $3.41 and a 1 year high of $5.21.

About CaixaBank

CaixaBank, SA is a Spanish financial services group that provides banking and related financial products to individuals, businesses, institutions and public-sector customers. Its services include current and savings accounts, consumer and residential lending, credit and debit cards, payment solutions, mortgages, corporate financing and investment banking.

The company also operates through businesses covering wealth management, asset management, insurance and pension products. CaixaBank distributes many of these services through a combination of branches, digital banking channels and specialized platforms, serving customers primarily in Spain and, through its Banco BPI subsidiary, in Portugal.