Short Interest in CaixaBank, S.A. (OTCMKTS:CAIXY) Declines By 98.4%

CaixaBank, S.A. (OTCMKTS:CAIXYGet Rating) saw a significant decline in short interest during the month of April. As of April 30th, there was short interest totalling 2,000 shares, a decline of 98.4% from the April 15th total of 128,900 shares. Based on an average trading volume of 1,018,900 shares, the days-to-cover ratio is currently 0.0 days.

Several equities research analysts have weighed in on CAIXY shares. Morgan Stanley boosted their price objective on CaixaBank from €3.40 ($3.58) to €4.20 ($4.42) and gave the stock an “overweight” rating in a research note on Tuesday, February 15th. JPMorgan Chase & Co. boosted their price objective on CaixaBank from €2.65 ($2.79) to €2.95 ($3.11) and gave the stock a “neutral” rating in a research note on Thursday, April 7th. Jefferies Financial Group cut CaixaBank from a “buy” rating to a “hold” rating in a research note on Monday, March 21st. Oddo Bhf cut CaixaBank from an “outperform” rating to a “neutral” rating and set a €3.40 ($3.58) target price on the stock. in a research note on Friday, March 25th. Finally, UBS Group raised CaixaBank from a “neutral” rating to a “buy” rating in a research note on Friday, February 18th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, CaixaBank currently has an average rating of “Hold” and a consensus target price of $3.46.

OTCMKTS:CAIXY traded up $0.05 during midday trading on Wednesday, hitting $1.00. The stock had a trading volume of 361,974 shares, compared to its average volume of 678,350. CaixaBank has a one year low of $0.79 and a one year high of $1.28. The stock has a 50-day moving average of $1.07 and a 200 day moving average of $1.01.

The company also recently disclosed a dividend, which was paid on Thursday, May 5th. Investors of record on Tuesday, April 19th were paid a $0.0379 dividend. The ex-dividend date of this dividend was Monday, April 18th. This represents a yield of 4.04%. This is a boost from CaixaBank’s previous dividend of $0.01.

CaixaBank Company Profile (Get Rating)

CaixaBank, SA, together with its subsidiaries, provides various banking products and financial services in Spain and internationally. The company operates through Banking and Insurance, Equity Investments, and BPI segments. It also provides solutions related to security, protection, internationalization, and financing; traditional financial advice, independent advice, and broker services; asset management; liquidity management; capital markets, cash management, project finance, asset finance, and M&A services; and various financial services and solutions to public and private sector institutions, as well as distributes non-life and life risk insurance policies; and private banking services.

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