Banco de Sabadell, S.A. (OTCMKTS:BNDSF) Short Interest Update

Banco de Sabadell, S.A. (OTCMKTS:BNDSFGet Rating) saw a significant drop in short interest in the month of April. As of April 30th, there was short interest totalling 73,100 shares, a drop of 73.7% from the April 15th total of 277,800 shares. Based on an average daily trading volume, of 300 shares, the days-to-cover ratio is currently 243.7 days.

BNDSF stock remained flat at $$0.76 during trading on Thursday. Banco de Sabadell has a 12-month low of $0.56 and a 12-month high of $1.09. The firm has a fifty day moving average price of $0.76 and a 200-day moving average price of $0.77.

Several analysts recently commented on the stock. JPMorgan Chase & Co. raised their price target on shares of Banco de Sabadell from €0.90 ($0.95) to €0.95 ($1.00) in a research report on Friday, May 6th. AlphaValue downgraded shares of Banco de Sabadell from a “buy” rating to a “reduce” rating in a report on Tuesday, March 15th. Jefferies Financial Group raised shares of Banco de Sabadell from a “hold” rating to a “buy” rating in a report on Monday, March 21st. Deutsche Bank Aktiengesellschaft raised shares of Banco de Sabadell from a “hold” rating to a “buy” rating in a report on Thursday, March 31st. Finally, HSBC raised shares of Banco de Sabadell from a “hold” rating to a “buy” rating and decreased their price objective for the company from $0.85 to $0.70 in a report on Monday, January 17th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Banco de Sabadell presently has an average rating of “Hold” and an average price target of $0.79.

About Banco de Sabadell (Get Rating)

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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