UniCredit S.p.A. (OTCMKTS:UNCFF) Sees Large Increase in Short Interest

UniCredit S.p.A. (OTCMKTS:UNCFFGet Rating) saw a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 3,048,500 shares, a growth of 49.2% from the March 15th total of 2,043,400 shares. Based on an average daily volume of 6,300 shares, the short-interest ratio is currently 483.9 days.

Separately, Zacks Investment Research lowered shares of UniCredit from a “buy” rating to a “hold” rating in a research report on Tuesday, March 22nd. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, UniCredit has a consensus rating of “Buy” and an average price target of $13.30.

OTCMKTS:UNCFF opened at $10.30 on Friday. The company has a 50-day moving average of $12.46 and a 200-day moving average of $13.67. UniCredit has a 52 week low of $9.12 and a 52 week high of $18.13.

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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