Short Interest in Banco de Sabadell, S.A. (OTCMKTS:BNDSY) Decreases By 73.3%

Banco de Sabadell, S.A. (OTCMKTS:BNDSY) saw a large decline in short interest in the month of February. As of February 27th, there was short interest totaling 1,623 shares, a decline of 73.3% from the February 12th total of 6,086 shares. Based on an average daily trading volume, of 2,444 shares, the days-to-cover ratio is currently 0.7 days. Based on an average daily trading volume, of 2,444 shares, the days-to-cover ratio is currently 0.7 days.

Banco de Sabadell Stock Performance

Shares of OTCMKTS BNDSY opened at $7.04 on Friday. Banco de Sabadell has a fifty-two week low of $4.64 and a fifty-two week high of $8.15. The company’s 50 day simple moving average is $7.58 and its 200 day simple moving average is $7.51.

About Banco de Sabadell

Grupo Banco Sabadell SA, traded in the U.S. on the OTC market under the symbol BNDSY, is a diversified banking group headquartered in Alicante, Spain, with roots dating back to its founding in 1881 in the city of Sabadell. The bank provides a full range of financial services, including retail and commercial lending, deposit accounts, mortgages, credit and debit card programs, leasing, factoring, and consumer finance. It also offers corporate and investment banking solutions such as syndicated loans, debt issuance, trade finance, and foreign exchange services.

Over its history, Banco Sabadell has grown through a series of domestic and international acquisitions, establishing itself as one of Spain’s leading financial institutions.