CaixaBank, S.A. Unsponsored ADR (OTCMKTS:CAIXY) Short Interest Update

CaixaBank, S.A. Unsponsored ADR (OTCMKTS:CAIXY) was the recipient of a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 105,222 shares, a decline of 73.6% from the July 15th total of 398,605 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 860,389 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CAIXY. Royal Bank Of Canada restated a “sector perform” rating on shares of CaixaBank in a report on Friday, May 1st. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of CaixaBank in a report on Tuesday, August 4th. Finally, Citigroup reissued a “buy” rating on shares of CaixaBank in a research report on Thursday, July 9th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, CaixaBank has an average rating of “Hold”.

CaixaBank Price Performance

CAIXY stock opened at $4.93 on Friday. CaixaBank has a twelve month low of $3.20 and a twelve month high of $5.05. The business has a 50 day simple moving average of $4.73 and a 200-day simple moving average of $4.33.

About CaixaBank

CaixaBank (OTCMKTS: CAIXY) is a major Spanish banking group that provides a broad range of financial products and services to retail, corporate and institutional clients. The company’s operations encompass traditional banking activities such as deposit-taking, consumer and mortgage lending, payment and card services, and corporate banking, alongside wealth management, private banking, insurance and asset-management businesses. CaixaBank also offers investment-banking-related services and specialized financing solutions including leasing, factoring and trade finance through its group structure and subsidiaries.

The bank traces its origins to the Catalan savings bank “la Caixa” and has evolved into a commercial banking group through organic growth and strategic acquisitions.