UniCredit S.p.A. Unsponsored ADR (OTCMKTS:UNCRY) Short Interest Up 129.2% in July

UniCredit S.p.A. Unsponsored ADR (OTCMKTS:UNCRY) was the recipient of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 111,388 shares, a growth of 129.2% from the June 30th total of 48,599 shares. Based on an average daily volume of 1,357,308 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

UniCredit Stock Performance

UNCRY opened at $46.82 on Tuesday. UniCredit has a fifty-two week low of $33.63 and a fifty-two week high of $47.63. The company’s 50-day moving average is $44.45 and its 200 day moving average is $41.85.

Wall Street Analysts Forecast Growth

UNCRY has been the subject of a number of research reports. Barclays reissued an “overweight” rating on shares of UniCredit in a report on Friday. Erste Group Bank downgraded UniCredit from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 2nd. Morgan Stanley reaffirmed an “overweight” rating on shares of UniCredit in a research note on Monday. Finally, Zacks Research upgraded UniCredit from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 20th. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

UniCredit Company Profile

UniCredit S.p.A. is an international banking group headquartered in Milan, Italy, offering a broad range of banking and financial services to retail, corporate and institutional clients. The firm operates as a universal bank, combining traditional deposit-taking and lending with capital markets activities, transaction banking and advisory services. UniCredit provides consumer and commercial loans, mortgage financing, deposit accounts, payment and card services, and wealth management solutions for private clients.

On the corporate and institutional side, UniCredit offers relationship banking, corporate lending, trade and export finance, cash management, custody and securities services, and investment banking capabilities including debt and equity capital markets and structured finance.