Banco BPM S.p.A. (OTCMKTS:BNCZF) Short Interest Up 63.2% in July

Banco BPM S.p.A. (OTCMKTS:BNCZF) was the recipient of a large growth in short interest in July. As of July 15th, there was short interest totaling 11,475,650 shares, a growth of 63.2% from the June 30th total of 7,031,332 shares. Based on an average trading volume of 536 shares, the days-to-cover ratio is currently 21,409.8 days.

Banco BPM Stock Performance

Shares of OTCMKTS:BNCZF opened at $17.10 on Friday. Banco BPM has a 52-week low of $11.75 and a 52-week high of $17.42. The stock’s fifty day simple moving average is $16.60 and its 200-day simple moving average is $15.49.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Banco BPM in a report on Friday, July 10th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

About Banco BPM

Banco BPM S.p.A. (OTCMKTS:BNCZF) is a leading Italian banking group formed on January 1, 2017, through the merger of Banco Popolare and Banca Popolare di Milano. Headquartered in Milan and Verona, the group ranks among Italy’s largest lenders and focuses on serving retail, corporate and institutional clients with a full suite of banking and financial services.

The bank’s core businesses include retail banking—offering current accounts, savings products, mortgages, consumer loans and payment services—alongside corporate and SME financing, cash management, trade finance and structured lending.