UniCredit S.p.A. Unsponsored ADR (OTCMKTS:UNCRY) Sees Large Increase in Short Interest

UniCredit S.p.A. Unsponsored ADR (OTCMKTS:UNCRY) was the target of a large increase in short interest in May. As of May 29th, there was short interest totaling 131,672 shares, an increase of 68.8% from the May 14th total of 78,018 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 548,663 shares, the short-interest ratio is currently 0.2 days.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on UNCRY shares. Erste Group Bank downgraded UniCredit from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 2nd. Zacks Research raised UniCredit from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 20th. Finally, Morgan Stanley reissued an “overweight” rating on shares of UniCredit in a report on Wednesday, May 6th. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy”.

UniCredit Price Performance

OTCMKTS:UNCRY opened at $42.40 on Monday. UniCredit has a 52-week low of $31.41 and a 52-week high of $47.14. The stock has a fifty day simple moving average of $40.64 and a 200-day simple moving average of $40.53.

UniCredit Company Profile

UniCredit S.p.A. is an international banking group headquartered in Milan, Italy, offering a broad range of banking and financial services to retail, corporate and institutional clients. The firm operates as a universal bank, combining traditional deposit-taking and lending with capital markets activities, transaction banking and advisory services. UniCredit provides consumer and commercial loans, mortgage financing, deposit accounts, payment and card services, and wealth management solutions for private clients.

On the corporate and institutional side, UniCredit offers relationship banking, corporate lending, trade and export finance, cash management, custody and securities services, and investment banking capabilities including debt and equity capital markets and structured finance.