Banca Mediolanum S.p.A. (OTCMKTS:BNCDY) Sees Large Drop in Short Interest

Banca Mediolanum S.p.A. (OTCMKTS:BNCDY) was the target of a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 900 shares, adropof25.0% from the July 15th total of 1,200 shares. Based on an average daily trading volume, of 12,700 shares, the short-interest ratio is currently 0.1 days. Based on an average daily trading volume, of 12,700 shares, the short-interest ratio is currently 0.1 days.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Banca Mediolanum in a research note on Tuesday, August 12th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Banca Mediolanum has a consensus rating of “Buy”.

Banca Mediolanum Price Performance

Shares of OTCMKTS BNCDY opened at $40.70 on Thursday. The firm has a fifty day simple moving average of $35.33 and a 200 day simple moving average of $29.35. Banca Mediolanum has a twelve month low of $28.85 and a twelve month high of $41.09.

Banca Mediolanum Company Profile

Banca Mediolanum S.p.A. provides various banking products and services in Italy. The company offers current accounts; deposits; and mortgages and loans. It also provides debit, credit, and prepaid cards; investment products, such as mutual funds, unit linked policies, investment strategies, other investments, trading, and retirement products; and life insurance products and services.