Intesa Sanpaolo SpA (OTCMKTS:ISNPY) Short Interest Update

Intesa Sanpaolo SpA (OTCMKTS:ISNPY) was the recipient of a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 90,583 shares, an increase of 71.9% from the July 30th total of 52,700 shares. Based on an average daily volume of 230,811 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.0% of the company’s stock are short sold.

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Intesa Sanpaolo in a research report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Intesa Sanpaolo presently has a consensus rating of “Moderate Buy”.

Intesa Sanpaolo Trading Up 0.7%

Shares of ISNPY traded up $0.35 during trading hours on Monday, reaching $47.45. 23,233 shares of the stock traded hands, compared to its average volume of 348,626. Intesa Sanpaolo has a 52 week low of $34.06 and a 52 week high of $48.42. The company has a market cap of $139.84 billion, a price-to-earnings ratio of 12.76 and a beta of 0.79. The stock has a fifty day simple moving average of $44.74 and a 200 day simple moving average of $41.24.

About Intesa Sanpaolo

Intesa Sanpaolo is an Italian banking group formed in 2007 through the merger of Banca Intesa and Sanpaolo IMI. The group is one of Italy’s largest financial institutions, serving a wide range of clients from individual retail customers to large corporations and institutional investors. Its long heritage traces to several regional banks and savings institutions that became part of the consolidated group, giving it a prominent role in the Italian financial system.

The company operates across multiple business lines, including retail banking (current accounts, deposits, mortgages and consumer loans), corporate and investment banking (cash management, lending, capital markets and advisory), private banking and wealth management, asset management and insurance.