Intesa Sanpaolo S.p.A. (OTCMKTS:ISNPY) Sees Large Decline in Short Interest

Intesa Sanpaolo S.p.A. (OTCMKTS:ISNPYGet Rating) was the recipient of a significant drop in short interest during the month of March. As of March 31st, there was short interest totalling 1,500 shares, a drop of 98.2% from the March 15th total of 84,300 shares. Based on an average daily volume of 515,900 shares, the days-to-cover ratio is presently 0.0 days.

Several research analysts have recently issued reports on ISNPY shares. JPMorgan Chase & Co. reduced their price objective on Intesa Sanpaolo from €3.20 ($3.48) to €2.70 ($2.93) and set an “overweight” rating for the company in a research note on Monday, March 14th. UBS Group raised their price objective on Intesa Sanpaolo from €3.10 ($3.37) to €3.15 ($3.42) in a research note on Monday, February 7th. Deutsche Bank Aktiengesellschaft reduced their price target on Intesa Sanpaolo from €3.30 ($3.59) to €3.10 ($3.37) in a research report on Wednesday, March 16th. Morgan Stanley lifted their price target on Intesa Sanpaolo from €3.30 ($3.59) to €3.70 ($4.02) in a research report on Tuesday, February 15th. Finally, Zacks Investment Research cut Intesa Sanpaolo from a “buy” rating to a “hold” rating in a research report on Tuesday, March 22nd. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Intesa Sanpaolo has a consensus rating of “Buy” and an average price target of $5.30.

Shares of Intesa Sanpaolo stock traded down $0.14 on Tuesday, reaching $12.81. The company’s stock had a trading volume of 986,443 shares, compared to its average volume of 360,136. Intesa Sanpaolo has a 52-week low of $11.69 and a 52-week high of $20.22. The stock has a 50-day moving average price of $15.33 and a 200-day moving average price of $16.10.

About Intesa Sanpaolo (Get Rating)

Intesa Sanpaolo S.p.A. provides various financial products and services primarily in Italy. It operates through six segments Banca dei Territori, IMI Corporate & Investment Banking, International Subsidiary Banks, Asset Management, Private Banking, and Insurance. The company offers lending and deposit products; corporate, investment banking, and public finance services; industrial credit, factoring, and leasing services; asset management solutions; life and non-life insurance products; and bancassurance and pension fund, and fiduciary services.

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