Banco BPM S.p.A. (OTCMKTS:BNCZF) Short Interest Update

Banco BPM S.p.A. (OTCMKTS:BNCZF) was the recipient of a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 3,580,200 shares, an increase of 46.7% from the August 31st total of 2,439,700 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is currently ∞ days. Based on an average daily volume of 0 shares, the days-to-cover ratio is currently ∞ days.

Analysts Set New Price Targets

BNCZF has been the subject of a number of research analyst reports. Santander initiated coverage on Banco BPM in a research report on Monday, September 29th. They issued a “neutral” rating for the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Banco BPM in a research report on Monday. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Banco BPM presently has an average rating of “Moderate Buy”.

Banco BPM Price Performance

Banco BPM stock opened at $14.70 on Wednesday. Banco BPM has a twelve month low of $7.23 and a twelve month high of $15.15. The stock has a 50 day moving average of $12.66 and a two-hundred day moving average of $11.30.

About Banco BPM

Banco BPM S.p.A., together with its subsidiaries, provides banking and financial products and services to individual, business, and corporate customers in Italy. It offers current account and digital services; home, personal, heritage, multi-risk, and car and vehicle insurance; credit, debit, and prepaid cards; deposit paper; trading and mobile platform; web platform; home and subrogation mortgagees; long term car rental; personal loans; and mutual investment funds, insurance investment products, saving, and social security products.