Short Interest in CaixaBank, S.A. (OTCMKTS:CAIXY) Drops By 47.3%

CaixaBank, S.A. (OTCMKTS:CAIXY) was the target of a large drop in short interest in May. As of May 31st, there was short interest totalling 88,700 shares, a drop of 47.3% from the May 15th total of 168,300 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 388,400 shares, the days-to-cover ratio is presently 0.2 days.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on CAIXY shares. Citigroup restated a “buy” rating on shares of CaixaBank in a report on Wednesday, May 14th. Keefe, Bruyette & Woods downgraded shares of CaixaBank from a “moderate buy” rating to a “hold” rating in a report on Monday, February 24th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating on shares of CaixaBank in a research note on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, CaixaBank currently has an average rating of “Hold”.

CaixaBank Trading Up 2.9%

CaixaBank stock opened at $2.86 on Tuesday. The firm’s 50 day moving average price is $2.67 and its 200-day moving average price is $2.31. CaixaBank has a 1 year low of $1.68 and a 1 year high of $2.93.

CaixaBank Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, May 9th. Investors of record on Tuesday, April 22nd were issued a $0.0631 dividend. The ex-dividend date was Tuesday, April 22nd. This is a positive change from CaixaBank’s previous dividend of $0.03.

About CaixaBank

CaixaBank, SA, together with its subsidiaries, provides various banking products and financial services in Spain and internationally. The company operates through Banking and Insurance, Equity Investments, and BPI segments. It also provides solutions related to security, protection, internationalization, and financing; traditional financial advice, independent advice, and broker services; asset management; liquidity management; capital markets, cash management, project finance, asset finance, and M&A services; and various financial services and solutions to public and private sector institutions, as well as distributes non-life and life risk insurance policies; and private banking services.