Short Interest in Banco BPM S.p.A. (OTCMKTS:BNCZF) Grows By 93.9%

Banco BPM S.p.A. (OTCMKTS:BNCZF) was the recipient of a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 6,941,300 shares, an increase of 93.9% from the September 15th total of 3,580,200 shares. Based on an average daily volume of 500 shares, the days-to-cover ratio is currently 13,882.6 days. Based on an average daily volume of 500 shares, the days-to-cover ratio is currently 13,882.6 days.

Analyst Upgrades and Downgrades

BNCZF has been the subject of several analyst reports. Santander started coverage on shares of Banco BPM in a research report on Monday, September 29th. They set a “neutral” rating for the company. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Banco BPM in a research note on Monday, October 6th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

Banco BPM Trading Down 3.5%

OTCMKTS:BNCZF opened at $14.20 on Wednesday. Banco BPM has a 52-week low of $7.23 and a 52-week high of $15.15. The stock has a 50-day simple moving average of $13.23 and a 200 day simple moving average of $11.68.

Banco BPM Company Profile

Banco BPM S.p.A., together with its subsidiaries, provides banking and financial products and services to individual, business, and corporate customers in Italy. It offers current account and digital services; home, personal, heritage, multi-risk, and car and vehicle insurance; credit, debit, and prepaid cards; deposit paper; trading and mobile platform; web platform; home and subrogation mortgagees; long term car rental; personal loans; and mutual investment funds, insurance investment products, saving, and social security products.