Banca Mediolanum S.p.A. (OTCMKTS:BNCDY) Short Interest Up 210.1% in May

Banca Mediolanum S.p.A. (OTCMKTS:BNCDY) saw a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 2,487 shares, a growth of 210.1% from the April 30th total of 802 shares. Based on an average daily volume of 2,299 shares, the short-interest ratio is presently 1.1 days. Currently, 0.0% of the company’s stock are short sold.

Analyst Ratings Changes

A number of analysts have recently issued reports on BNCDY shares. Zacks Research upgraded shares of Banca Mediolanum to a “hold” rating in a report on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Banca Mediolanum in a report on Wednesday, February 18th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Banca Mediolanum has a consensus rating of “Moderate Buy”.

Banca Mediolanum Stock Performance

Shares of BNCDY opened at $47.25 on Friday. Banca Mediolanum has a 1-year low of $33.91 and a 1-year high of $49.40. The company’s fifty day simple moving average is $42.98 and its 200 day simple moving average is $43.47.

About Banca Mediolanum

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.