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

BPER Banca SpA (OTCMKTS:BPXXY) saw a significant drop in short interest in the month of May. As of May 15th, there was short interest totaling 9 shares, a drop of 98.0% from the April 30th total of 448 shares. Based on an average daily volume of 31 shares, the short-interest ratio is presently 0.3 days.

BPER Banca Stock Performance

BPER Banca stock remained flat at $29.06 during mid-day trading on Wednesday. BPER Banca has a one year low of $17.35 and a one year high of $32.72. The business’s fifty day simple moving average is $27.31 and its two-hundred day simple moving average is $27.33.

Analysts Set New Price Targets

BPXXY has been the subject of a number of recent analyst reports. UBS Group lowered shares of BPER Banca to a “neutral” rating in a research report on Friday, May 15th. Deutsche Bank Aktiengesellschaft downgraded shares of BPER Banca from a “buy” rating to a “hold” rating in a research report on Monday, May 18th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of BPER Banca in a research note on Friday, February 6th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold”.

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.