Short Interest in Banco de Sabadell, S.A. (OTCMKTS:BNDSY) Increases By 1,359.6%

Banco de Sabadell, S.A. (OTCMKTS:BNDSY) saw a significant increase in short interest in March. As of March 31st, there was short interest totaling 15,939 shares, an increase of 1,359.6% from the March 15th total of 1,092 shares. Based on an average daily volume of 16,831 shares, the days-to-cover ratio is presently 0.9 days.

Banco de Sabadell Price Performance

Shares of OTCMKTS:BNDSY opened at $7.62 on Friday. Banco de Sabadell has a 52-week low of $5.40 and a 52-week high of $8.15. The business’s 50 day moving average is $7.35 and its 200 day moving average is $7.45.

Banco de Sabadell Company Profile

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.