CaixaBank, S.A. (OTCMKTS:CAIXY) Sees Large Increase in Short Interest

CaixaBank, S.A. (OTCMKTS:CAIXY) was the recipient of a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 129,900 shares, an increase of 145.1% from the October 15th total of 53,000 shares. Based on an average daily trading volume, of 342,500 shares, the days-to-cover ratio is currently 0.4 days.

CaixaBank Stock Performance

Shares of CAIXY opened at $1.92 on Friday. CaixaBank has a 1 year low of $1.30 and a 1 year high of $2.75. The stock’s fifty day moving average price is $2.01 and its two-hundred day moving average price is $1.90.

CaixaBank Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, November 22nd. Investors of record on Tuesday, November 12th will be issued a dividend of $0.0328 per share. The ex-dividend date is Tuesday, November 12th.

Wall Street Analyst Weigh In

Separately, Barclays lowered CaixaBank from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 21st.

About CaixaBank

CaixaBank, SA, together with its subsidiaries, provides various banking products and financial services in Spain and internationally. The company operates through Banking and Insurance, Equity Investments, and BPI segments. It also provides solutions related to security, protection, internationalization, and financing; traditional financial advice, independent advice, and broker services; asset management; liquidity management; capital markets, cash management, project finance, asset finance, and M&A services; and various financial services and solutions to public and private sector institutions, as well as distributes non-life and life risk insurance policies; and private banking services.