Intesa Sanpaolo S.p.A. (OTCMKTS:ISNPY) Sees Significant Drop in Short Interest

Intesa Sanpaolo S.p.A. (OTCMKTS:ISNPYGet Rating) saw a significant decline in short interest during the month of May. As of May 15th, there was short interest totalling 14,200 shares, a decline of 46.6% from the April 30th total of 26,600 shares. Based on an average daily volume of 759,900 shares, the days-to-cover ratio is currently 0.0 days.

Several analysts recently weighed in on ISNPY shares. Credit Suisse Group reduced their price objective on shares of Intesa Sanpaolo from €2.30 ($2.45) to €2.00 ($2.13) and set a “neutral” rating on the stock in a research note on Monday, May 9th. Morgan Stanley reduced their price objective on shares of Intesa Sanpaolo from €3.70 ($3.94) to €3.20 ($3.40) and set an “overweight” rating on the stock in a research note on Monday, April 25th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Intesa Sanpaolo from €3.10 ($3.30) to €2.90 ($3.09) and set a “buy” rating on the stock in a research note on Tuesday, May 10th. DZ Bank cut shares of Intesa Sanpaolo from a “buy” rating to a “hold” rating and set a €2.15 ($2.29) price objective on the stock. in a research note on Tuesday, April 26th. Finally, JPMorgan Chase & Co. cut their price target on shares of Intesa Sanpaolo from €3.20 ($3.40) to €2.70 ($2.87) and set an “overweight” rating on the stock in a research report on Monday, March 14th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Intesa Sanpaolo currently has an average rating of “Buy” and a consensus price target of $4.73.

Shares of OTCMKTS ISNPY traded down $0.04 during trading on Friday, hitting $13.24. 645,620 shares of the company traded hands, compared to its average volume of 346,215. The business’s fifty day moving average is $12.84 and its 200 day moving average is $14.97. Intesa Sanpaolo has a fifty-two week low of $11.56 and a fifty-two week high of $20.22.

Intesa Sanpaolo Company Profile (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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