Intesa Sanpaolo S.p.A. (OTCMKTS:ISNPY) Sees Significant Increase in Short Interest

Intesa Sanpaolo S.p.A. (OTCMKTS:ISNPY - Get Free Report) was the target of a large growth in short interest in March. As of March 15th, there was short interest totalling 58,900 shares, a growth of 277.6% from the February 28th total of 15,600 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 512,100 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on ISNPY shares. Kepler Capital Markets raised shares of Intesa Sanpaolo to a "hold" rating in a research note on Monday, March 24th. BNP Paribas raised Intesa Sanpaolo from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 26th.

Intesa Sanpaolo Stock Performance

Shares of ISNPY stock traded down $0.52 during mid-day trading on Monday, reaching $31.37. 142,109 shares of the company's stock traded hands, compared to its average volume of 176,194. The company's 50-day moving average price is $28.98 and its 200-day moving average price is $26.23. Intesa Sanpaolo has a 12 month low of $20.71 and a 12 month high of $32.62.

Intesa Sanpaolo Company Profile

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.