Short Interest in Intesa Sanpaolo SpA (OTCMKTS:ISNPY) Drops By 68.2%

Intesa Sanpaolo SpA (OTCMKTS:ISNPY – Get Free Report) was the target of a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 52,700 shares, a drop of 68.2% from the July 15th total of 165,613 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 335,624 shares, the days-to-cover ratio is currently 0.2 days.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada restated an “outperform” rating on shares of Intesa Sanpaolo in a research report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

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Intesa Sanpaolo Price Performance

Shares of ISNPY opened at $48.01 on Friday. The firm has a market cap of $141.49 billion, a P/E ratio of 12.91 and a beta of 0.79. Intesa Sanpaolo has a 1 year low of $34.06 and a 1 year high of $48.12. The company has a 50 day simple moving average of $43.35 and a two-hundred day simple moving average of $40.89.

Intesa Sanpaolo Company Profile

(Get Free Report)

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.

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