Intesa Sanpaolo SpA (OTCMKTS:ISNPY) Sees Large Drop in Short Interest

Intesa Sanpaolo SpA (OTCMKTS:ISNPY) was the target of a significant decrease in short interest in July. As of July 31st, there was short interest totaling 52,700 shares, a decrease of 68.2% from the July 15th total of 165,613 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 335,624 shares, the days-to-cover ratio is currently 0.2 days.

Intesa Sanpaolo Trading Up 0.6%

OTCMKTS:ISNPY traded up $0.28 during mid-day trading on Friday, hitting $48.01. The company’s stock had a trading volume of 195,106 shares, compared to its average volume of 155,491. Intesa Sanpaolo has a fifty-two week low of $34.06 and a fifty-two week high of $48.12. The company has a market capitalization of $141.49 billion, a price-to-earnings ratio of 12.91 and a beta of 0.79. The stock has a fifty day moving average of $43.35 and a 200-day moving average of $40.89.

Analyst Ratings Changes

Separately, Royal Bank Of Canada reiterated an “outperform” rating on shares of Intesa Sanpaolo in a research note on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

About Intesa Sanpaolo

Intesa Sanpaolo is an Italian banking group formed in 2007 through the merger of Banca Intesa and Sanpaolo IMI. The group is one of Italy’s largest financial institutions, serving a wide range of clients from individual retail customers to large corporations and institutional investors. Its long heritage traces to several regional banks and savings institutions that became part of the consolidated group, giving it a prominent role in the Italian financial system.

The company operates across multiple business lines, including retail banking (current accounts, deposits, mortgages and consumer loans), corporate and investment banking (cash management, lending, capital markets and advisory), private banking and wealth management, asset management and insurance.