CaixaBank, S.A. (OTCMKTS:CAIXY) Sees Significant Growth in Short Interest

CaixaBank, S.A. (OTCMKTS:CAIXY - Get Free Report) was the target of a large growth in short interest in January. As of January 31st, there was short interest totalling 218,300 shares, a growth of 321.4% from the January 15th total of 51,800 shares. Based on an average daily volume of 450,200 shares, the days-to-cover ratio is currently 0.5 days.

Analysts Set New Price Targets

A number of equities analysts recently commented on CAIXY shares. Royal Bank of Canada upgraded shares of CaixaBank to a "hold" rating in a research note on Wednesday, January 15th. Barclays cut CaixaBank from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 21st.

CaixaBank Trading Up 2.3 %

CaixaBank stock traded up $0.05 during midday trading on Friday, hitting $2.24. 613,404 shares of the company's stock were exchanged, compared to its average volume of 266,781. The firm's 50 day simple moving average is $1.90 and its 200 day simple moving average is $1.93. CaixaBank has a 12-month low of $1.37 and a 12-month high of $2.75.

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.