Short Interest in UniCredit S.p.A. Unsponsored ADR (OTCMKTS:UNCRY) Drops By 40.9%

UniCredit S.p.A. Unsponsored ADR (OTCMKTS:UNCRY – Get Free Report) saw a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 48,599 shares, a drop of 40.9% from the June 15th total of 82,276 shares. Based on an average daily volume of 1,282,613 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on UNCRY. Zacks Research raised shares of UniCredit from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 20th. Morgan Stanley reissued an “overweight” rating on shares of UniCredit in a report on Wednesday, May 6th. Finally, Erste Group Bank cut shares of UniCredit from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 2nd. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy”.

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UniCredit Price Performance

Shares of OTCMKTS:UNCRY opened at $47.10 on Friday. UniCredit has a one year low of $33.18 and a one year high of $47.63. The firm has a 50 day simple moving average of $43.78 and a 200 day simple moving average of $41.61.

About UniCredit

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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.

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