CaixaBank, S.A. Unsponsored ADR (OTCMKTS:CAIXY) Short Interest Update

CaixaBank, S.A. Unsponsored ADR (OTCMKTS:CAIXY) saw a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 105,222 shares, a drop of 73.6% from the July 15th total of 398,605 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 860,389 shares, the days-to-cover ratio is currently 0.1 days.

Analyst Ratings Changes

CAIXY has been the subject of a number of research analyst reports. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of CaixaBank in a report on Friday, May 1st. Citigroup reaffirmed a “buy” rating on shares of CaixaBank in a research note on Thursday, July 9th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of CaixaBank in a report on Tuesday, August 4th. Finally, Barclays upgraded shares of CaixaBank from a “hold” rating to an “overweight” rating in a research note on Wednesday, April 15th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, CaixaBank has a consensus rating of “Hold”.

CaixaBank Price Performance

CAIXY stock traded up $0.02 during trading on Thursday, hitting $4.91. 219,696 shares of the company’s stock traded hands, compared to its average volume of 423,760. CaixaBank has a 52 week low of $3.20 and a 52 week high of $5.05. The business has a fifty day simple moving average of $4.72 and a 200 day simple moving average of $4.33.

About CaixaBank

CaixaBank (OTCMKTS: CAIXY) is a major Spanish banking group that provides a broad range of financial products and services to retail, corporate and institutional clients. The company’s operations encompass traditional banking activities such as deposit-taking, consumer and mortgage lending, payment and card services, and corporate banking, alongside wealth management, private banking, insurance and asset-management businesses. CaixaBank also offers investment-banking-related services and specialized financing solutions including leasing, factoring and trade finance through its group structure and subsidiaries.

The bank traces its origins to the Catalan savings bank “la Caixa” and has evolved into a commercial banking group through organic growth and strategic acquisitions.