Short Interest in Banco BPM S.p.A. (OTCMKTS:BNCZF) Grows By 55.7%

Banco BPM S.p.A. (OTCMKTS:BNCZF) was the target of a large increase in short interest in October. As of October 15th, there was short interest totaling 10,810,200 shares, an increase of 55.7% from the September 30th total of 6,941,300 shares. Based on an average trading volume of 100 shares, the short-interest ratio is currently 108,102.0 days. Based on an average trading volume of 100 shares, the short-interest ratio is currently 108,102.0 days.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on BNCZF shares. Santander started coverage on shares of Banco BPM in a research report on Monday, September 29th. They set a “neutral” rating on the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Banco BPM in a research report on Monday, October 6th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Banco BPM Stock Performance

Shares of BNCZF stock opened at $14.20 on Tuesday. Banco BPM has a 1 year low of $7.23 and a 1 year high of $15.15. The firm’s 50 day moving average is $13.67 and its 200-day moving average is $12.05.

Banco BPM Company Profile

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.