Intesa Sanpaolo SpA (OTCMKTS:ISNPY) Stock Short Interest Falls 40.3%

Intesa Sanpaolo SpA (OTCMKTS:ISNPY) was the recipient of a large decrease in short interest in the month of October. As of October 15th, there was short interest totaling 96,122 shares, a decrease of 40.3% from the September 30th total of 160,990 shares. Based on an average daily volume of 395,068 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the company’s stock are short sold.

Intesa Sanpaolo Trading Down 1.1%

Shares of ISNPY stock traded down $0.46 during trading hours on Friday, hitting $39.58. 423,504 shares of the company were exchanged, compared to its average volume of 263,778. The stock has a market capitalization of $116.65 billion, a price-to-earnings ratio of 10.17 and a beta of 0.81. Intesa Sanpaolo has a 52-week low of $34.06 and a 52-week high of $48.42. The firm has a fifty day simple moving average of $44.25 and a 200 day simple moving average of $41.90.

Analyst Ratings Changes

Separately, Royal Bank Of Canada reissued an “outperform” rating on shares of Intesa Sanpaolo in a research report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

Intesa Sanpaolo Company Profile

Intesa Sanpaolo S.p.A. is an Italian banking group headquartered in Turin, Italy, and one of the country’s major financial institutions. The group was created in 2007 through the merger of Banca Intesa and Sanpaolo IMI, combining their banking, wealth management and corporate finance operations.

Intesa Sanpaolo provides retail and commercial banking services, including current accounts, lending, mortgages, payment services and savings products. Its other activities include corporate and investment banking, private banking, asset management, insurance and wealth management.