Short Interest in Intesa Sanpaolo S.p.A. (OTCMKTS:ISNPY) Expands By 277.6%

Intesa Sanpaolo S.p.A. (OTCMKTS:ISNPY) was the target of a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 58,900 shares, an increase of 277.6% from the February 28th total of 15,600 shares. Based on an average daily volume of 512,100 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are sold short.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on ISNPY. BNP Paribas raised Intesa Sanpaolo from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. Kepler Capital Markets raised shares of Intesa Sanpaolo to a “hold” rating in a research report on Monday, March 24th.

Intesa Sanpaolo Price Performance

Shares of OTCMKTS:ISNPY opened at $31.37 on Friday. Intesa Sanpaolo has a 12-month low of $20.71 and a 12-month high of $32.62. The company’s fifty day moving average is $28.98 and its two-hundred day moving average is $26.21.

About Intesa Sanpaolo

Intesa Sanpaolo S.p.A. provides various financial products and services primarily in Italy. It operates through six segments: Banca dei Territori, IMI Corporate & Investment Banking, International Subsidiary Banks, Asset Management, Private Banking, and Insurance. The company offers lending and deposit products; private and commercial banking, corporate and transaction banking, structured finance, investment banking, public finance, and capital markets; industrial credit, leasing, and factoring; asset management; life and non-life insurance and pension products; asset and wealth management; private investments; and bancassurance products.