Banco de Sabadell, S.A. (OTCMKTS:BNDSF) Sees Large Drop in Short Interest

Banco de Sabadell, S.A. (OTCMKTS:BNDSF – Get Rating) was the recipient of a significant drop in short interest in the month of April. As of April 30th, there was short interest totalling 983,100 shares, a drop of 12.3% from the April 15th total of 1,120,900 shares. Based on an average daily volume of 900 shares, the short-interest ratio is presently 1,092.3 days.

Banco de Sabadell Stock Performance

Shares of BNDSF opened at $0.99 on Monday. The company has a 50-day moving average of $1.10 and a two-hundred day moving average of $1.04. Banco de Sabadell has a 12-month low of $0.63 and a 12-month high of $1.37.

Analyst Upgrades and Downgrades

Several brokerages recently commented on BNDSF. Morgan Stanley raised their price objective on shares of Banco de Sabadell to €1.30 ($1.43) in a research note on Monday, January 30th. UBS Group upgraded shares of Banco de Sabadell from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 31st.

Banco de Sabadell Company Profile

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Banco de Sabadell SA engages in the provision of banking and financial services. It operates through the following segments: Business Banking in Spain, Asset Transformation, Banking Business in the United Kingdom, and Banking Business in America. The Business Banking in Spain segment encompasses covers commercial banking, corporate banking, and markets and private banking.