Banca Mediolanum S.p.A. (OTCMKTS:BNCDY) Short Interest Update

Banca Mediolanum S.p.A. (OTCMKTS:BNCDY) was the target of a large decline in short interest during the month of December. As of December 15th, there was short interest totaling 330 shares, a decline of 61.6% from the November 30th total of 859 shares. Based on an average trading volume of 406 shares, the days-to-cover ratio is currently 0.8 days. Based on an average trading volume of 406 shares, the days-to-cover ratio is currently 0.8 days.

Banca Mediolanum Price Performance

Shares of Banca Mediolanum stock opened at $44.70 on Friday. Banca Mediolanum has a 12 month low of $28.85 and a 12 month high of $45.75. The business has a fifty day simple moving average of $42.55 and a 200-day simple moving average of $39.30.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Banca Mediolanum in a research report on Tuesday, December 2nd. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Banca Mediolanum presently has an average rating of “Buy”.

Banca Mediolanum Company Profile

Banca Mediolanum is an Italian banking and financial services group that operates through a network of financial advisors and direct banking channels. The company provides a broad spectrum of retail banking products, including deposit accounts, mortgages, personal loans and consumer credit. In addition to its core banking activities, Banca Mediolanum offers asset management solutions and life and pension insurance products through its subsidiaries.

The institution traces its origins to 1982, when entrepreneur Ennio Doris founded Mediolanum S.p.A.