Short Interest in Banco de Sabadell, S.A. (OTCMKTS:BNDSY) Drops By 88.2%

Banco de Sabadell, S.A. (OTCMKTS:BNDSY) was the target of a large drop in short interest in June. As of June 15th, there was short interest totaling 1,676 shares, a drop of 88.2% from the May 31st total of 14,181 shares. Based on an average daily volume of 32,762 shares, the days-to-cover ratio is currently 0.1 days.

Banco de Sabadell Trading Down 7.4%

Shares of BNDSY stock opened at $6.85 on Friday. The firm has a fifty day moving average price of $7.52 and a 200 day moving average price of $7.52. Banco de Sabadell has a 12 month low of $6.15 and a 12 month high of $8.65.

Banco de Sabadell Company Profile

Grupo Banco Sabadell SA, traded in the U.S. on the OTC market under the symbol BNDSY, is a diversified banking group headquartered in Alicante, Spain, with roots dating back to its founding in 1881 in the city of Sabadell. The bank provides a full range of financial services, including retail and commercial lending, deposit accounts, mortgages, credit and debit card programs, leasing, factoring, and consumer finance. It also offers corporate and investment banking solutions such as syndicated loans, debt issuance, trade finance, and foreign exchange services.

Over its history, Banco Sabadell has grown through a series of domestic and international acquisitions, establishing itself as one of Spain’s leading financial institutions.