Intesa Sanpaolo SpA (OTCMKTS:ISNPY – Get Free Report) was the target of a significant growth in short interest in August. As of August 14th, there was short interest totaling 90,583 shares, a growth of 71.9% from the July 30th total of 52,700 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 230,811 shares, the days-to-cover ratio is presently 0.4 days.
Intesa Sanpaolo Price Performance
Shares of OTCMKTS:ISNPY opened at $46.14 on Wednesday. The company’s 50 day simple moving average is $44.90 and its 200 day simple moving average is $41.29. The stock has a market capitalization of $135.98 billion, a price-to-earnings ratio of 12.40 and a beta of 0.79. Intesa Sanpaolo has a 1 year low of $34.06 and a 1 year high of $48.42.
Analyst Upgrades and Downgrades
Separately, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Intesa Sanpaolo in a report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.
Intesa Sanpaolo Company Profile
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.
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