Short Interest in CaixaBank, S.A. Unsponsored ADR (OTCMKTS:CAIXY) Declines By 60.5%

CaixaBank, S.A. Unsponsored ADR (OTCMKTS:CAIXY) was the target of a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 152,016 shares, a drop of 60.5% from the May 14th total of 384,969 shares. Based on an average daily volume of 713,564 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the company’s stock are short sold.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of CaixaBank in a research report on Tuesday, May 12th. Royal Bank Of Canada reissued a “sector perform” rating on shares of CaixaBank in a research report on Friday, May 1st. Citigroup reissued a “buy” rating on shares of CaixaBank in a research report on Thursday, May 7th. Finally, Barclays raised shares of CaixaBank from a “hold” rating to an “overweight” rating in a research report on Wednesday, April 15th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, CaixaBank currently has a consensus rating of “Hold”.

CaixaBank Trading Up 2.2%

OTCMKTS CAIXY opened at $4.58 on Friday. CaixaBank has a one year low of $2.74 and a one year high of $4.58. The business’s fifty day moving average is $4.23 and its 200-day moving average is $4.08.

About CaixaBank

CaixaBank (OTCMKTS: CAIXY) is a major Spanish banking group that provides a broad range of financial products and services to retail, corporate and institutional clients. The company’s operations encompass traditional banking activities such as deposit-taking, consumer and mortgage lending, payment and card services, and corporate banking, alongside wealth management, private banking, insurance and asset-management businesses. CaixaBank also offers investment-banking-related services and specialized financing solutions including leasing, factoring and trade finance through its group structure and subsidiaries.

The bank traces its origins to the Catalan savings bank “la Caixa” and has evolved into a commercial banking group through organic growth and strategic acquisitions.