UniCredit S.p.A. Unsponsored ADR (OTCMKTS:UNCRY) Sees Large Decrease in Short Interest

UniCredit S.p.A. Unsponsored ADR (OTCMKTS:UNCRY) was the target of a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 37,604 shares, a drop of 81.1% from the July 30th total of 198,704 shares. Based on an average trading volume of 411,979 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are sold short.

UniCredit Trading Up 0.9%

OTCMKTS:UNCRY opened at $49.35 on Wednesday. The business’s 50-day simple moving average is $46.98 and its 200-day simple moving average is $42.70. UniCredit has a fifty-two week low of $33.63 and a fifty-two week high of $49.52.

Analysts Set New Price Targets

Several brokerages have commented on UNCRY. Barclays reaffirmed an “overweight” rating on shares of UniCredit in a research note on Friday, July 24th. Morgan Stanley reissued an “overweight” rating on shares of UniCredit in a report on Monday, July 27th. Finally, Zacks Research upgraded shares of UniCredit from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 20th. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, UniCredit presently has an average rating of “Buy”.

About UniCredit

UniCredit S.p.A. is an international banking group headquartered in Milan, Italy, offering a broad range of banking and financial services to retail, corporate and institutional clients. The firm operates as a universal bank, combining traditional deposit-taking and lending with capital markets activities, transaction banking and advisory services. UniCredit provides consumer and commercial loans, mortgage financing, deposit accounts, payment and card services, and wealth management solutions for private clients.

On the corporate and institutional side, UniCredit offers relationship banking, corporate lending, trade and export finance, cash management, custody and securities services, and investment banking capabilities including debt and equity capital markets and structured finance.