UniCredit S.p.A. (OTCMKTS:UNCRY) Short Interest Down 96.2% in March

UniCredit S.p.A. (OTCMKTS:UNCRYGet Rating) saw a significant decline in short interest in March. As of March 31st, there was short interest totalling 4,900 shares, a decline of 96.2% from the March 15th total of 130,500 shares. Based on an average daily trading volume, of 536,300 shares, the short-interest ratio is currently 0.0 days.

Shares of UniCredit stock opened at $5.12 on Thursday. UniCredit has a 52-week low of $4.45 and a 52-week high of $9.05. The company has a 50 day moving average of $6.25 and a 200 day moving average of $6.76.

A number of research analysts have weighed in on the stock. Societe Generale cut shares of UniCredit from a “buy” rating to a “hold” rating in a report on Tuesday, March 22nd. Deutsche Bank Aktiengesellschaft dropped their price target on UniCredit from €18.60 ($20.22) to €15.50 ($16.85) and set a “buy” rating for the company in a research report on Wednesday, March 16th. JPMorgan Chase & Co. downgraded UniCredit from an “overweight” rating to a “neutral” rating in a research report on Monday, March 14th. Credit Suisse Group raised their target price on UniCredit from €15.10 ($16.41) to €18.00 ($19.57) and gave the stock an “outperform” rating in a research note on Monday, February 21st. They noted that the move was a valuation call. Finally, Morgan Stanley raised their target price on UniCredit from €17.00 ($18.48) to €19.50 ($21.20) in a research note on Tuesday, February 15th. Four equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $17.50.

UniCredit Company Profile (Get Rating)

UniCredit S.p.A. operates as a commercial bank that provides retail, corporate, and private banking services. It offers accounts and deposits, loans, cards, transactions and payments, funds, advisory, treasury, and insurance products, as well as digital and mobile banking services. The company also provides solutions for payments and liquidity, working capital, hedging, international trade, and treasury operations; and funding solutions comprising of structured, project, and commodity trade and export finance, as well as debt and equity funding; and structured investments and investments advisory solutions.

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