Banca Monte dei Paschi di Siena S.p.A. (OTCMKTS:BMDPF) Sees Large Growth in Short Interest

Banca Monte dei Paschi di Siena S.p.A. (OTCMKTS:BMDPF) was the target of a large increase in short interest in March. As of March 31st, there was short interest totaling 27,722,514 shares, an increase of 35.1% from the March 15th total of 20,520,223 shares. Based on an average trading volume of 10,034 shares, the days-to-cover ratio is presently 2,762.9 days.

Banca Monte dei Paschi di Siena Stock Up 3.9%

OTCMKTS:BMDPF opened at $10.01 on Thursday. The stock has a 50-day simple moving average of $9.26 and a 200-day simple moving average of $9.48. Banca Monte dei Paschi di Siena has a 1 year low of $7.53 and a 1 year high of $11.29.

Banca Monte dei Paschi di Siena Company Profile

Banca Monte dei Paschi di Siena (OTCMKTS: BMDPF) is one of Italy’s most historic banking institutions, tracing its origins back to 1472 in the city of Siena. As one of the oldest continuously operating banks in the world, it has played a central role in Italy’s financial history and has evolved into a full-service commercial banking group.

The bank’s core business activities span retail and corporate banking, including deposit-taking, payment services, consumer and mortgage lending, and working capital solutions.