Intesa Sanpaolo SpA (OTCMKTS:ISNPY) Short Interest Up 71.9% in August

Intesa Sanpaolo SpA (OTCMKTS:ISNPY) was the target of a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 90,583 shares, a growth of 71.9% from the July 30th total of 52,700 shares. Based on an average daily volume of 230,811 shares, the short-interest ratio is currently 0.4 days. Currently, 0.0% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada reiterated an “outperform” rating on shares of Intesa Sanpaolo in a report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Intesa Sanpaolo presently has a consensus rating of “Moderate Buy”.

Intesa Sanpaolo Stock Down 1.1%

Intesa Sanpaolo stock traded down $0.53 during midday trading on Tuesday, hitting $46.64. 71,769 shares of the stock were exchanged, compared to its average volume of 347,926. The stock has a market capitalization of $137.45 billion, a PE ratio of 12.54 and a beta of 0.79. The company has a fifty day simple moving average of $44.82 and a two-hundred day simple moving average of $41.27. Intesa Sanpaolo has a 52 week low of $34.06 and a 52 week high of $48.42.

About Intesa Sanpaolo

Intesa Sanpaolo is an Italian banking group formed in 2007 through the merger of Banca Intesa and Sanpaolo IMI. The group is one of Italy’s largest financial institutions, serving a wide range of clients from individual retail customers to large corporations and institutional investors. Its long heritage traces to several regional banks and savings institutions that became part of the consolidated group, giving it a prominent role in the Italian financial system.

The company operates across multiple business lines, including retail banking (current accounts, deposits, mortgages and consumer loans), corporate and investment banking (cash management, lending, capital markets and advisory), private banking and wealth management, asset management and insurance.