Intesa Sanpaolo SpA (OTCMKTS:ISNPY) Short Interest Down 68.2% in July

Intesa Sanpaolo SpA (OTCMKTS:ISNPY) was the recipient of a large drop in short interest in 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. Based on an average trading volume of 335,624 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the company’s stock are short sold.

Intesa Sanpaolo Trading Up 0.6%

Shares of ISNPY traded up $0.31 during mid-day trading on Friday, hitting $48.04. 186,553 shares of the company’s stock were exchanged, compared to its average volume of 364,052. Intesa Sanpaolo has a fifty-two week low of $34.06 and a fifty-two week high of $48.12. The business’s 50 day moving average is $43.17 and its two-hundred day moving average is $40.84. The firm has a market capitalization of $141.58 billion, a P/E ratio of 12.91 and a beta of 0.79.

Analyst Upgrades and Downgrades

ISNPY has been the subject of several research analyst reports. Morgan Stanley restated an “overweight” rating on shares of Intesa Sanpaolo in a research note on Thursday, April 16th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Intesa Sanpaolo in a research report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

About Intesa Sanpaolo

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.