CaixaBank, S.A. Unsponsored ADR (OTCMKTS:CAIXY – Get Free Report) was the target of a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 105,222 shares, a drop of 73.6% from the July 15th total of 398,605 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 860,389 shares, the short-interest ratio is currently 0.1 days.
CaixaBank Stock Performance
Shares of CAIXY traded up $0.02 during mid-day trading on Thursday, reaching $4.91. The stock had a trading volume of 219,696 shares, compared to its average volume of 423,760. CaixaBank has a 12 month low of $3.20 and a 12 month high of $5.05. The business has a fifty day moving average of $4.72 and a 200 day moving average of $4.33.
Analyst Ratings Changes
Several equities analysts have recently weighed in on CAIXY shares. Royal Bank Of Canada reiterated a “sector perform” rating on shares of CaixaBank in a research note on Friday, May 1st. Citigroup reaffirmed a “buy” rating on shares of CaixaBank in a report on Thursday, July 9th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of CaixaBank in a research report on Tuesday, August 4th. Finally, Barclays raised shares of CaixaBank from a “hold” rating to an “overweight” rating in a research report on Wednesday, April 15th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, CaixaBank currently has an average rating of “Hold”.
CaixaBank Company Profile
CaixaBank (OTCMKTS: CAIXY) is a major Spanish banking group that provides a broad range of financial products and services to retail, corporate and institutional clients. The company’s operations encompass traditional banking activities such as deposit-taking, consumer and mortgage lending, payment and card services, and corporate banking, alongside wealth management, private banking, insurance and asset-management businesses. CaixaBank also offers investment-banking-related services and specialized financing solutions including leasing, factoring and trade finance through its group structure and subsidiaries.
The bank traces its origins to the Catalan savings bank “la Caixa” and has evolved into a commercial banking group through organic growth and strategic acquisitions.
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