Banca Mediolanum S.p.A. (OTCMKTS:BNCDY) Short Interest Up 276.8% in June

Banca Mediolanum S.p.A. (OTCMKTS:BNCDY) saw a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 6,933 shares, an increase of 276.8% from the May 31st total of 1,840 shares. Based on an average daily trading volume, of 5,539 shares, the days-to-cover ratio is currently 1.3 days. Approximately 0.0% of the shares of the company are short sold.

Analyst Ratings Changes

Separately, Zacks Research upgraded Banca Mediolanum to a “hold” rating in a research note on Wednesday, April 29th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Banca Mediolanum has a consensus rating of “Moderate Buy”.

Banca Mediolanum Stock Performance

Shares of OTCMKTS:BNCDY opened at $49.91 on Friday. The business’s 50 day moving average price is $46.26 and its 200-day moving average price is $44.27. Banca Mediolanum has a 1 year low of $33.91 and a 1 year high of $52.50.

About Banca Mediolanum

Banca Mediolanum is an Italian banking and financial services group that operates through a network of financial advisors and direct banking channels. The company provides a broad spectrum of retail banking products, including deposit accounts, mortgages, personal loans and consumer credit. In addition to its core banking activities, Banca Mediolanum offers asset management solutions and life and pension insurance products through its subsidiaries.

The institution traces its origins to 1982, when entrepreneur Ennio Doris founded Mediolanum S.p.A.