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

CaixaBank, S.A. (OTCMKTS:CAIXY) was the target of a significant decline in short interest in November. As of November 15th, there was short interest totalling 82,400 shares, a decline of 36.6% from the October 31st total of 129,900 shares. Based on an average daily trading volume, of 333,500 shares, the days-to-cover ratio is currently 0.2 days.

Analyst Ratings Changes

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

CaixaBank Price Performance

OTCMKTS:CAIXY traded up $0.05 on Thursday, reaching $1.78. The stock had a trading volume of 278,186 shares, compared to its average volume of 105,210. The firm’s fifty day moving average is $1.99 and its two-hundred day moving average is $1.91. CaixaBank has a 12-month low of $1.30 and a 12-month high of $2.75.

CaixaBank Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, November 22nd. Investors of record on Tuesday, November 12th were given a dividend of $0.0328 per share. The ex-dividend date was Tuesday, November 12th.

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.