Banco de Sabadell, S.A. (OTCMKTS:BNDSF – Get Rating) was the recipient of a large growth in short interest in April. As of April 15th, there was short interest totalling 277,800 shares, a growth of 228.8% from the March 31st total of 84,500 shares. Based on an average trading volume of 12,200 shares, the short-interest ratio is currently 22.8 days.
BNDSF has been the topic of a number of research reports. UBS Group raised Banco de Sabadell from a “neutral” rating to a “buy” rating in a research note on Friday, February 18th. Jefferies Financial Group raised Banco de Sabadell from a “hold” rating to a “buy” rating in a research report on Monday, March 21st. JPMorgan Chase & Co. lowered their price target on Banco de Sabadell from €1.00 ($1.08) to €0.90 ($0.97) in a report on Monday, March 14th. Morgan Stanley upgraded Banco de Sabadell from an “underweight” rating to an “equal weight” rating in a report on Tuesday, February 15th. Finally, HSBC upgraded Banco de Sabadell from a “hold” rating to a “buy” rating and lowered their price target for the company from $0.85 to $0.70 in a report on Monday, January 17th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Banco de Sabadell presently has a consensus rating of “Hold” and an average target price of $0.78.
OTCMKTS BNDSF opened at $0.84 on Thursday. Banco de Sabadell has a one year low of $0.45 and a one year high of $1.09. The stock’s 50 day simple moving average is $0.80 and its 200 day simple moving average is $0.77.
Banco de Sabadell, SA provides banking products and services to personal, business, and private customers in Spain and internationally. The company offers retail banking products, such as current and savings accounts, personal loans, cards, and mortgages. It also provides financial products and services to large and medium enterprises, SMEs, shops and self-employed workers, private individuals, and professionals; and consumer finance, asset management, and bancassurance services.
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