Short Interest in CaixaBank, S.A. (OTCMKTS:CAIXY) Drops By 65.4%

CaixaBank, S.A. (OTCMKTS:CAIXY) was the target of a large decline in short interest in February. As of February 28th, there was short interest totalling 103,800 shares, a decline of 65.4% from the February 13th total of 300,000 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 636,000 shares, the short-interest ratio is presently 0.2 days.

CaixaBank Trading Up 1.2 %

CAIXY opened at $2.53 on Thursday. The company’s 50-day moving average price is $2.11 and its 200 day moving average price is $2.00. CaixaBank has a fifty-two week low of $1.55 and a fifty-two week high of $2.75.

Analysts Set New Price Targets

Several brokerages have issued reports on CAIXY. Deutsche Bank Aktiengesellschaft downgraded shares of CaixaBank from a “hold” rating to a “sell” rating in a research report on Thursday, March 6th. Royal Bank of Canada upgraded shares of CaixaBank to a “hold” rating in a research note on Wednesday, January 15th. Finally, Keefe, Bruyette & Woods lowered CaixaBank from a “moderate buy” rating to a “hold” rating in a research report on Monday, February 24th.

CaixaBank Company Profile

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.