Intesa Sanpaolo SpA (OTCMKTS:ISNPY) Short Interest Up 94.9% in May

Intesa Sanpaolo SpA (OTCMKTS:ISNPY) was the recipient of a large increase in short interest in May. As of May 29th, there was short interest totaling 263,893 shares, an increase of 94.9% from the May 14th total of 135,397 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 412,178 shares, the days-to-cover ratio is currently 0.6 days.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Morgan Stanley reissued an “overweight” rating on shares of Intesa Sanpaolo in a research report on Thursday, April 16th. Kepler Capital Markets raised shares of Intesa Sanpaolo from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 1st. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Intesa Sanpaolo Trading Up 2.1%

OTCMKTS:ISNPY traded up $0.83 during trading hours on Friday, hitting $40.59. The stock had a trading volume of 129,281 shares, compared to its average volume of 202,957. Intesa Sanpaolo has a 1-year low of $32.84 and a 1-year high of $43.62. The business has a 50 day simple moving average of $39.97 and a two-hundred day simple moving average of $39.98. The company has a market cap of $118.25 billion, a PE ratio of 10.91 and a beta of 0.79.

Intesa Sanpaolo (OTCMKTS:ISNPY) last issued its quarterly earnings data on Friday, April 3rd. The financial services provider reported $0.70 earnings per share for the quarter. Intesa Sanpaolo had a return on equity of 14.10% and a net margin of 25.19%.The firm had revenue of $8.23 billion during the quarter.

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.