Intesa Sanpaolo SpA (OTCMKTS:ISNPY) Short Interest Down 36.2% in December

Intesa Sanpaolo SpA (OTCMKTS:ISNPY) saw a significant drop in short interest in the month of December. As of December 15th, there was short interest totaling 138,652 shares, a drop of 36.2% from the November 30th total of 217,364 shares. Based on an average daily volume of 362,960 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.0% of the shares of the company are sold short. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 362,960 shares, the days-to-cover ratio is currently 0.4 days.

Intesa Sanpaolo Stock Performance

Shares of ISNPY traded down $0.31 during mid-day trading on Monday, reaching $41.34. The company had a trading volume of 26,380 shares, compared to its average volume of 204,301. The company has a market capitalization of $119.98 billion, a price-to-earnings ratio of 12.30, a P/E/G ratio of 1.17 and a beta of 0.75. The company’s 50 day simple moving average is $39.72 and its 200 day simple moving average is $37.84. Intesa Sanpaolo has a 1-year low of $23.45 and a 1-year high of $42.15.

Intesa Sanpaolo Announces Dividend

The business also recently announced a dividend, which was paid on Monday, December 8th. Shareholders of record on Tuesday, December 2nd were paid a dividend of $0.9325 per share. This represents a dividend yield of 445.0%. The ex-dividend date of this dividend was Monday, December 1st. Intesa Sanpaolo’s payout ratio is presently 55.65%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on ISNPY shares. Keefe, Bruyette & Woods cut Intesa Sanpaolo from a “moderate buy” rating to a “hold” rating in a report on Friday, November 14th. Morgan Stanley reaffirmed an “overweight” rating on shares of Intesa Sanpaolo in a research note on Monday, November 24th. Royal Bank Of Canada began coverage on shares of Intesa Sanpaolo in a research note on Wednesday, October 15th. They set a “moderate buy” rating on the stock. Zacks Research lowered shares of Intesa Sanpaolo from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 5th. Finally, The Goldman Sachs Group downgraded shares of Intesa Sanpaolo from a “buy” rating to a “hold” rating in a report on Wednesday, September 24th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy”.

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.