Short Interest in Banco BPM S.p.A. (OTCMKTS:BNCZF) Increases By 93.9%

Banco BPM S.p.A. (OTCMKTS:BNCZF) was the recipient of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 6,941,300 shares, an increase of 93.9% from the September 15th total of 3,580,200 shares. Based on an average daily volume of 500 shares, the days-to-cover ratio is presently 13,882.6 days. Based on an average daily volume of 500 shares, the days-to-cover ratio is presently 13,882.6 days.

Banco BPM Stock Down 3.5%

Shares of OTCMKTS:BNCZF opened at $14.20 on Tuesday. The business’s 50 day moving average price is $13.18 and its 200-day moving average price is $11.66. Banco BPM has a 1 year low of $7.23 and a 1 year high of $15.15.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on BNCZF. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Banco BPM in a research report on Monday, October 6th. Santander started coverage on Banco BPM in a research report on Monday, September 29th. They issued a “neutral” rating for the company. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Banco BPM Company Profile

Banco BPM S.p.A., together with its subsidiaries, provides banking and financial products and services to individual, business, and corporate customers in Italy. It offers current account and digital services; home, personal, heritage, multi-risk, and car and vehicle insurance; credit, debit, and prepaid cards; deposit paper; trading and mobile platform; web platform; home and subrogation mortgagees; long term car rental; personal loans; and mutual investment funds, insurance investment products, saving, and social security products.