UniCredit S.p.A. Unsponsored ADR (OTCMKTS:UNCRY – Get Free Report) was the recipient of a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 82,276 shares, a decrease of 37.5% from the May 31st total of 131,672 shares. Based on an average daily volume of 642,419 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.
UniCredit Trading Down 0.1%
Shares of OTCMKTS UNCRY opened at $44.66 on Thursday. The company has a 50-day moving average price of $42.02 and a 200-day moving average price of $41.16. UniCredit has a 1 year low of $32.84 and a 1 year high of $47.14.
Analysts Set New Price Targets
Several brokerages have recently commented on UNCRY. Erste Group Bank downgraded UniCredit from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 2nd. Morgan Stanley restated an “overweight” rating on shares of UniCredit in a report on Wednesday, May 6th. Finally, Zacks Research raised UniCredit from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 20th. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy”.
About UniCredit
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.
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