Banca Mediolanum S.p.A. (OTCMKTS:BNMDF) Sees Large Decrease in Short Interest

Banca Mediolanum S.p.A. (OTCMKTS:BNMDFGet Rating) was the target of a large decline in short interest during the month of August. As of August 31st, there was short interest totalling 186,600 shares, a decline of 31.2% from the August 15th total of 271,200 shares. Based on an average daily volume of 0 shares, the short-interest ratio is presently ∞ days.

Banca Mediolanum Stock Performance

Shares of Banca Mediolanum stock opened at $6.11 on Friday. The stock’s 50 day simple moving average is $6.11 and its 200-day simple moving average is $6.97. Banca Mediolanum has a 1-year low of $5.47 and a 1-year high of $10.20.

Wall Street Analyst Weigh In

Separately, Barclays lowered their target price on Banca Mediolanum from €10.00 ($10.20) to €8.00 ($8.16) and set an “overweight” rating on the stock in a report on Monday, July 25th.

Banca Mediolanum Company Profile

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Banca Mediolanum S.p.A. provides various banking products and services in Italy. The company offers current accounts and mortgages and loans. It also provides debit, credit, and prepaid cards; savings and investment products, such as equities and bonds, as well as trading services; and insurance and pension products and services.

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