Poste Italiane S.p.A. (OTCMKTS:PITAF) Stock Short Interest Report for September

Poste Italiane S.p.A. (OTCMKTS:PITAF) saw a large decrease in short interest in the month of September. As of September 30th, there was short interest totaling 3,061,686 shares, a decrease of 83.6% from the September 15th total of 18,682,804 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is presently ∞ days.

Poste Italiane Stock Performance

OTCMKTS:PITAF remained flat at $31.39 during mid-day trading on Friday. The stock has a 50 day simple moving average of $27.74 and a 200-day simple moving average of $24.91. Poste Italiane has a 12 month low of $20.55 and a 12 month high of $31.39.

Analyst Upgrades and Downgrades

PITAF has been the subject of a number of research reports. Barclays raised shares of Poste Italiane from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, June 24th. Citigroup reaffirmed a “buy” rating on shares of Poste Italiane in a research note on Wednesday, July 29th. Four analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the company has an average rating of “Buy”.

About Poste Italiane

Poste Italiane S.p.A. is Italy’s national postal operator and a diversified provider of logistics, financial, insurance and payment services. The company delivers letters and parcels, provides express and e-commerce logistics solutions, and operates an extensive network of post offices and digital channels throughout Italy.

Through its financial services activities, Poste Italiane offers payment accounts, prepaid cards, money-transfer services, savings products and other banking-related solutions, primarily through BancoPosta.