Short Interest in UniCredit S.p.A. Unsponsored ADR (OTCMKTS:UNCRY) Decreases By 81.1%

UniCredit S.p.A. Unsponsored ADR (OTCMKTS:UNCRY) saw a significant drop in short interest in August. As of August 14th, there was short interest totaling 37,604 shares, a drop of 81.1% from the July 30th total of 198,704 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 411,979 shares, the days-to-cover ratio is currently 0.1 days.

Analysts Set New Price Targets

A number of equities research analysts recently commented on UNCRY shares. Barclays reissued an “overweight” rating on shares of UniCredit in a research report on Friday, July 24th. Zacks Research upgraded shares of UniCredit from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 20th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of UniCredit in a report on Monday, July 27th. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy”.

UniCredit Stock Up 1.3%

OTCMKTS:UNCRY opened at $49.98 on Thursday. UniCredit has a 12 month low of $33.63 and a 12 month high of $50.28. The firm’s 50 day moving average is $47.07 and its 200 day moving average is $42.75.

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.