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 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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