Short Interest in Banca Mediolanum S.p.A. (OTCMKTS:BNMDF) Rises By 26.8%

Banca Mediolanum S.p.A. (OTCMKTS:BNMDF) saw a significant increase in short interest in August. As of August 31st, there was short interest totalling 126,800 shares, an increase of 26.8% from the August 15th total of 100,000 shares. Based on an average daily volume of 100 shares, the days-to-cover ratio is presently 1,268.0 days.

Shares of BNMDF opened at $10.20 on Tuesday. The firm’s 50 day moving average is $10.01 and its 200-day moving average is $9.72. Banca Mediolanum has a 12-month low of $7.10 and a 12-month high of $10.20.

A number of equities research analysts recently weighed in on the stock. UBS Group restated a “buy” rating on shares of Banca Mediolanum in a research note on Thursday, July 22nd. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Banca Mediolanum in a research report on Friday, September 3rd. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $11.20.

Banca Mediolanum Company Profile

Banca Mediolanum S.p.A. provides various banking products and services in Italy. The company offers current accounts and mortgages and loans. It also provides debit, credit, and prepaid cards; savings and investment products, such as equities and bonds, as well as trading services; and insurance and pension products and services.

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