Short Interest in BPER Banca SpA (OTCMKTS:BPXXY) Declines By 98.0%

BPER Banca SpA (OTCMKTS:BPXXY) was the target of a large drop in short interest in May. As of May 15th, there was short interest totaling 9 shares, a drop of 98.0% from the April 30th total of 448 shares. Based on an average daily volume of 31 shares, the days-to-cover ratio is presently 0.3 days.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on BPXXY shares. Morgan Stanley reissued an “overweight” rating on shares of BPER Banca in a research note on Friday, February 6th. Deutsche Bank Aktiengesellschaft lowered shares of BPER Banca from a “buy” rating to a “hold” rating in a report on Monday, May 18th. Finally, UBS Group downgraded shares of BPER Banca to a “neutral” rating in a research report on Friday, May 15th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, BPER Banca currently has an average rating of “Hold”.

BPER Banca Price Performance

Shares of OTCMKTS:BPXXY opened at $29.06 on Thursday. BPER Banca has a 52-week low of $17.35 and a 52-week high of $32.72. The company has a 50 day moving average of $27.40 and a two-hundred day moving average of $27.36.

BPER Banca Company Profile

BPER Banca S.p.A., formerly known as Banca Popolare dell’Emilia Romagna, is an Italian banking group headquartered in Modena, Italy. Established in 1867, the company provides a broad range of financial services to retail, corporate and institutional clients. BPER Banca operates through an extensive branch network across Italy and maintains an over?the?counter listing in the United States under the ticker symbol BPXXY.

The bank’s core activities encompass traditional retail banking products—such as current and savings accounts, mortgages and personal loans—alongside corporate lending, trade finance, leasing and factoring services.