UniCredit S.p.A. Unsponsored ADR (OTCMKTS:UNCRY – Get Free Report) was the recipient of a significant decrease in short interest in August. As of August 14th, there was short interest totaling 37,604 shares, a decrease of 81.1% from the July 30th total of 198,704 shares. Based on an average daily volume of 411,979 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are sold short.
UniCredit Stock Down 2.8%
Shares of UNCRY opened at $48.56 on Friday. UniCredit has a twelve month low of $33.63 and a twelve month high of $50.28. The firm’s 50 day moving average price is $47.11 and its two-hundred day moving average price is $42.78.
Wall Street Analyst Weigh In
UNCRY has been the topic of a number of recent analyst reports. Barclays reissued an “overweight” rating on shares of UniCredit in a research report on Friday, July 24th. Zacks Research upgraded shares of UniCredit from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 20th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of UniCredit in a report on Monday, July 27th. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average 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.
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