Banco de Sabadell, S.A. (OTCMKTS:BNDSY) Short Interest Update

Banco de Sabadell, S.A. (OTCMKTS:BNDSY) was the target of a significant drop in short interest in February. As of February 27th, there was short interest totaling 1,623 shares, a drop of 73.3% from the February 12th total of 6,086 shares. Based on an average daily trading volume, of 2,444 shares, the days-to-cover ratio is presently 0.7 days. Based on an average daily trading volume, of 2,444 shares, the days-to-cover ratio is presently 0.7 days.

Banco de Sabadell Stock Performance

Banco de Sabadell stock remained flat at $6.55 during midday trading on Wednesday. The company had a trading volume of 2,210 shares, compared to its average volume of 2,003. The stock has a fifty day simple moving average of $7.62 and a two-hundred day simple moving average of $7.52. Banco de Sabadell has a 12-month low of $4.64 and a 12-month high of $8.15.

Banco de Sabadell Company Profile

Grupo Banco Sabadell SA, traded in the U.S. on the OTC market under the symbol BNDSY, is a diversified banking group headquartered in Alicante, Spain, with roots dating back to its founding in 1881 in the city of Sabadell. The bank provides a full range of financial services, including retail and commercial lending, deposit accounts, mortgages, credit and debit card programs, leasing, factoring, and consumer finance. It also offers corporate and investment banking solutions such as syndicated loans, debt issuance, trade finance, and foreign exchange services.

Over its history, Banco Sabadell has grown through a series of domestic and international acquisitions, establishing itself as one of Spain’s leading financial institutions.