CaixaBank, S.A. Unsponsored ADR (OTCMKTS:CAIXY) Short Interest Down 60.5% in May

CaixaBank, S.A. Unsponsored ADR (OTCMKTS:CAIXY) was the target of a large decline in short interest in May. As of May 29th, there was short interest totaling 152,016 shares, a decline of 60.5% from the May 14th total of 384,969 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 713,564 shares, the days-to-cover ratio is presently 0.2 days.

Analyst Ratings Changes

CAIXY has been the subject of a number of recent analyst reports. Barclays raised CaixaBank from a “hold” rating to an “overweight” rating in a report on Wednesday, April 15th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of CaixaBank in a report on Tuesday, May 12th. Citigroup reaffirmed a “buy” rating on shares of CaixaBank in a report on Thursday, May 7th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of CaixaBank in a report on Friday, May 1st. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

CaixaBank Stock Up 1.2%

CAIXY stock traded up $0.05 during mid-day trading on Friday, reaching $4.53. 132,980 shares of the company traded hands, compared to its average volume of 466,988. CaixaBank has a 52-week low of $2.74 and a 52-week high of $4.58. The company has a fifty day moving average price of $4.21 and a 200-day moving average price of $4.08.

CaixaBank Company Profile

CaixaBank (OTCMKTS: CAIXY) is a major Spanish banking group that provides a broad range of financial products and services to retail, corporate and institutional clients. The company’s operations encompass traditional banking activities such as deposit-taking, consumer and mortgage lending, payment and card services, and corporate banking, alongside wealth management, private banking, insurance and asset-management businesses. CaixaBank also offers investment-banking-related services and specialized financing solutions including leasing, factoring and trade finance through its group structure and subsidiaries.

The bank traces its origins to the Catalan savings bank “la Caixa” and has evolved into a commercial banking group through organic growth and strategic acquisitions.