BPER Banca SpA (OTCMKTS:BPXXY) Sees Large Drop in Short Interest

BPER Banca SpA (OTCMKTS:BPXXY) saw a large drop in short interest in the month of February. As of February 27th, there was short interest totaling 405 shares, a drop of 89.8% from the February 12th total of 3,967 shares. Based on an average trading volume of 953 shares, the short-interest ratio is currently 0.4 days. Based on an average trading volume of 953 shares, the short-interest ratio is currently 0.4 days.

BPER Banca Price Performance

Shares of OTCMKTS BPXXY traded up $1.78 during trading on Tuesday, hitting $25.78. 697 shares of the company were exchanged, compared to its average volume of 665. BPER Banca has a 1 year low of $13.23 and a 1 year high of $32.72. The firm’s fifty day moving average price is $28.58 and its 200 day moving average price is $25.67.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on BPXXY. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of BPER Banca in a research report on Wednesday, February 18th. Morgan Stanley reiterated an “overweight” rating on shares of BPER Banca in a research report on Friday, February 6th. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, BPER Banca presently has a consensus rating of “Buy”.

BPER Banca Company Profile

BPER Banca S.p.A., formerly known as Banca Popolare dell’Emilia Romagna, is an Italian banking group headquartered in Modena, Italy. Established in 1867, the company provides a broad range of financial services to retail, corporate and institutional clients. BPER Banca operates through an extensive branch network across Italy and maintains an over‐the‐counter listing in the United States under the ticker symbol BPXXY.

The bank’s core activities encompass traditional retail banking products—such as current and savings accounts, mortgages and personal loans—alongside corporate lending, trade finance, leasing and factoring services.