Intesa Sanpaolo SpA (OTCMKTS:ISNPY) Sees Large Increase in Short Interest

Intesa Sanpaolo SpA (OTCMKTS:ISNPY) was the target of a significant increase in short interest in October. As of October 15th, there was short interest totaling 71,900 shares, an increase of 61.2% from the September 30th total of 44,600 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 350,500 shares, the short-interest ratio is presently 0.2 days. Based on an average trading volume of 350,500 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the shares of the company are sold short.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Morgan Stanley reiterated an “overweight” rating on shares of Intesa Sanpaolo in a report on Tuesday, September 2nd. Royal Bank Of Canada assumed coverage on shares of Intesa Sanpaolo in a report on Wednesday, October 15th. They issued a “moderate buy” rating for the company. Zacks Research upgraded shares of Intesa Sanpaolo from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 7th. Finally, The Goldman Sachs Group downgraded shares of Intesa Sanpaolo from a “buy” rating to a “hold” rating in a report on Wednesday, September 24th. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy”.

Intesa Sanpaolo Trading Down 1.0%

Shares of OTCMKTS ISNPY opened at $38.35 on Tuesday. The stock has a market cap of $113.80 billion, a price-to-earnings ratio of 11.52, a PEG ratio of 1.13 and a beta of 0.99. Intesa Sanpaolo has a 52 week low of $22.32 and a 52 week high of $40.32. The company’s 50-day moving average price is $38.47 and its 200 day moving average price is $35.84.

About Intesa Sanpaolo

Intesa Sanpaolo S.p.A. provides various financial products and services primarily in Italy. It operates through six segments: Banca dei Territori, IMI Corporate & Investment Banking, International Subsidiary Banks, Asset Management, Private Banking, and Insurance. The company offers lending and deposit products; private and commercial banking, corporate and transaction banking, structured finance, investment banking, public finance, and capital markets; industrial credit, leasing, and factoring; asset management; life and non-life insurance and pension products; asset and wealth management; private investments; and bancassurance products.