UniCredit S.p.A. (OTCMKTS:UNCRY) Short Interest Update

UniCredit S.p.A. (OTCMKTS:UNCRYGet Rating) was the target of a large increase in short interest in the month of July. As of July 15th, there was short interest totalling 83,300 shares, an increase of 512.5% from the June 30th total of 13,600 shares. Based on an average daily trading volume, of 974,900 shares, the days-to-cover ratio is currently 0.1 days.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft dropped their price objective on UniCredit from €15.50 ($15.82) to €14.60 ($14.90) in a report on Tuesday, May 10th. Barclays dropped their price objective on UniCredit from €11.60 ($11.84) to €11.50 ($11.73) and set an “equal weight” rating for the company in a report on Thursday, July 21st. UBS Group dropped their price objective on UniCredit from €15.40 ($15.71) to €12.20 ($12.45) in a report on Wednesday, July 20th. The Goldman Sachs Group initiated coverage on UniCredit in a report on Friday, May 27th. They issued a “buy” rating for the company. Finally, Credit Suisse Group raised their target price on UniCredit from €13.80 ($14.08) to €14.00 ($14.29) in a research note on Tuesday, May 10th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $13.47.

UniCredit Trading Up 11.2 %

Shares of OTCMKTS:UNCRY opened at $4.77 on Thursday. The stock has a fifty day simple moving average of $5.05 and a two-hundred day simple moving average of $5.78. UniCredit has a 12-month low of $4.09 and a 12-month high of $9.05.

About UniCredit

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UniCredit S.p.A. operates as a commercial bank that provides retail, corporate, and private banking services. It offers accounts and deposits, loans, cards, transactions and payments, funds, advisory, treasury, and insurance products, as well as digital and mobile banking services. The company also provides solutions for payments and liquidity, working capital, hedging, international trade, and treasury operations; and funding solutions comprising of structured, project, and commodity trade and export finance, as well as debt and equity funding; and structured investments and investments advisory solutions.

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