UniCredit S.p.A. Unsponsored ADR (OTCMKTS:UNCRY) Sees Large Increase in Short Interest

UniCredit S.p.A. Unsponsored ADR (OTCMKTS:UNCRY) was the recipient of a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 131,672 shares, a growth of 68.8% from the May 14th total of 78,018 shares. Based on an average daily volume of 548,663 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the shares of the stock are short sold.

UniCredit Price Performance

OTCMKTS UNCRY opened at $42.40 on Monday. UniCredit has a 12 month low of $31.41 and a 12 month high of $47.14. The company has a 50-day moving average of $40.64 and a 200-day moving average of $40.53.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Erste Group Bank downgraded shares of UniCredit from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 2nd. Morgan Stanley reissued an “overweight” rating on shares of UniCredit in a research note on Wednesday, May 6th. Finally, Zacks Research raised shares of UniCredit from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 20th. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy”.

About UniCredit

UniCredit S.p.A. is an international banking group headquartered in Milan, Italy, offering a broad range of banking and financial services to retail, corporate and institutional clients. The firm operates as a universal bank, combining traditional deposit-taking and lending with capital markets activities, transaction banking and advisory services. UniCredit provides consumer and commercial loans, mortgage financing, deposit accounts, payment and card services, and wealth management solutions for private clients.

On the corporate and institutional side, UniCredit offers relationship banking, corporate lending, trade and export finance, cash management, custody and securities services, and investment banking capabilities including debt and equity capital markets and structured finance.