Short Interest in CaixaBank, S.A. Unsponsored ADR (OTCMKTS:CAIXY) Drops By 67.9%

CaixaBank, S.A. Unsponsored ADR (OTCMKTS:CAIXY) was the recipient of a significant drop in short interest in December. As of December 15th, there was short interest totaling 112,119 shares, a drop of 67.9% from the November 30th total of 349,135 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 610,088 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily trading volume, of 610,088 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the company’s shares are short sold.

Analyst Ratings Changes

A number of analysts have issued reports on CAIXY shares. The Goldman Sachs Group raised CaixaBank from a “sell” rating to a “hold” rating in a research note on Wednesday, September 24th. Deutsche Bank Aktiengesellschaft reissued a “sell” rating on shares of CaixaBank in a report on Thursday, December 4th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of CaixaBank in a research note on Monday, November 3rd. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, CaixaBank currently has a consensus rating of “Hold”.

CaixaBank Price Performance

Shares of OTCMKTS CAIXY opened at $4.06 on Thursday. The business’s 50 day moving average is $3.65 and its two-hundred day moving average is $3.34. CaixaBank has a 52-week low of $1.73 and a 52-week high of $4.25.

About CaixaBank

CaixaBank (OTCMKTS: CAIXY) is a major Spanish banking group that provides a broad range of financial products and services to retail, corporate and institutional clients. The company’s operations encompass traditional banking activities such as deposit-taking, consumer and mortgage lending, payment and card services, and corporate banking, alongside wealth management, private banking, insurance and asset-management businesses. CaixaBank also offers investment-banking-related services and specialized financing solutions including leasing, factoring and trade finance through its group structure and subsidiaries.

The bank traces its origins to the Catalan savings bank “la Caixa” and has evolved into a commercial banking group through organic growth and strategic acquisitions.