Intesa Sanpaolo S.p.A. (OTCMKTS:ISNPY) Short Interest Up 20,900.0% in April

Intesa Sanpaolo S.p.A. (OTCMKTS:ISNPYGet Rating) was the recipient of a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 315,000 shares, an increase of 20,900.0% from the March 31st total of 1,500 shares. Based on an average trading volume of 783,000 shares, the short-interest ratio is currently 0.4 days.

ISNPY stock traded down $0.53 on Wednesday, hitting $12.21. 539,576 shares of the company’s stock were exchanged, compared to its average volume of 347,633. The firm has a 50 day moving average price of $13.95 and a two-hundred day moving average price of $15.76. Intesa Sanpaolo has a 12-month low of $11.69 and a 12-month high of $20.22.

ISNPY has been the topic of a number of recent research reports. Credit Suisse Group increased their target price on Intesa Sanpaolo from €2.50 ($2.69) to €2.70 ($2.90) and gave the stock a “neutral” rating in a research note on Monday, February 7th. Zacks Investment Research downgraded Intesa Sanpaolo from a “buy” rating to a “hold” rating in a report on Tuesday, March 22nd. DZ Bank downgraded Intesa Sanpaolo from a “buy” rating to a “hold” rating and set a €2.15 ($2.31) target price on the stock. in a report on Tuesday. Societe Generale upgraded Intesa Sanpaolo from a “hold” rating to a “buy” rating in a research report on Tuesday, March 22nd. Finally, JPMorgan Chase & Co. cut their price target on Intesa Sanpaolo from €3.20 ($3.44) to €2.70 ($2.90) and set an “overweight” rating for the company in a report on Monday, March 14th. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Intesa Sanpaolo has an average rating of “Buy” and a consensus target price of $4.84.

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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