Intesa Sanpaolo SpA (OTCMKTS:ISNPY) Stock Short Interest Declines 40.3%

Intesa Sanpaolo SpA (OTCMKTS:ISNPY) was the target of a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 96,122 shares, a decline of 40.3% from the September 30th total of 160,990 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 395,068 shares, the short-interest ratio is currently 0.2 days.

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada restated an “outperform” rating on shares of Intesa Sanpaolo in a research note on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Intesa Sanpaolo Stock Down 1.1%

OTCMKTS ISNPY traded down $0.46 during trading hours on Friday, reaching $39.58. The company’s stock had a trading volume of 423,504 shares, compared to its average volume of 263,778. The company has a market capitalization of $116.65 billion, a price-to-earnings ratio of 10.17 and a beta of 0.81. The firm’s 50-day moving average price is $44.25 and its 200-day moving average price is $41.90. Intesa Sanpaolo has a 1 year low of $34.06 and a 1 year high of $48.42.

About Intesa Sanpaolo

Intesa Sanpaolo S.p.A. is an Italian banking group headquartered in Turin, Italy, and one of the country’s major financial institutions. The group was created in 2007 through the merger of Banca Intesa and Sanpaolo IMI, combining their banking, wealth management and corporate finance operations.

Intesa Sanpaolo provides retail and commercial banking services, including current accounts, lending, mortgages, payment services and savings products. Its other activities include corporate and investment banking, private banking, asset management, insurance and wealth management.