Intesa Sanpaolo SpA (OTCMKTS:ISNPY) Short Interest Update

Intesa Sanpaolo SpA (OTCMKTS:ISNPY) was the target of a large growth in short interest in 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. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 230,811 shares, the days-to-cover ratio is presently 0.4 days.

Intesa Sanpaolo Trading Up 0.7%

Shares of ISNPY traded up $0.35 during mid-day trading on Monday, reaching $47.45. 23,233 shares of the stock traded hands, compared to its average volume of 348,626. The company has a market cap of $139.84 billion, a price-to-earnings ratio of 12.76 and a beta of 0.79. Intesa Sanpaolo has a 1 year low of $34.06 and a 1 year high of $48.42. The firm has a fifty day moving average price of $44.74 and a 200 day moving average price of $41.24.

Analysts Set New Price Targets

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

Intesa Sanpaolo Company Profile

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.