Short Interest in Banca Mediolanum S.p.A. (OTCMKTS:BNCDY) Decreases By 71.0%

Banca Mediolanum S.p.A. (OTCMKTS:BNCDYGet Free Report) saw a large decline in short interest during the month of June. As of June 30th, there was short interest totaling 2,014 shares, a decline of 71.0% from the June 15th total of 6,933 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 2,237 shares, the short-interest ratio is currently 0.9 days.

Analysts Set New Price Targets

Separately, Zacks Research raised Banca Mediolanum to a “hold” rating in a research note on Wednesday, April 29th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, Banca Mediolanum presently has an average rating of “Moderate Buy”.

View Our Latest Stock Analysis on BNCDY

Banca Mediolanum Price Performance

BNCDY opened at $50.75 on Tuesday. Banca Mediolanum has a 1 year low of $33.91 and a 1 year high of $52.50. The company’s 50 day simple moving average is $47.79 and its 200 day simple moving average is $44.79.

Banca Mediolanum Company Profile

(Get Free Report)

Banca Mediolanum is an Italian banking and financial services group that operates through a network of financial advisors and direct banking channels. The company provides a broad spectrum of retail banking products, including deposit accounts, mortgages, personal loans and consumer credit. In addition to its core banking activities, Banca Mediolanum offers asset management solutions and life and pension insurance products through its subsidiaries.

The institution traces its origins to 1982, when entrepreneur Ennio Doris founded Mediolanum S.p.A.

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