CaixaBank, S.A. Unsponsored ADR (OTCMKTS:CAIXY) Sees Significant Increase in Short Interest

CaixaBank, S.A. Unsponsored ADR (OTCMKTS:CAIXY) saw a significant growth in short interest in May. As of May 15th, there was short interest totaling 384,969 shares, a growth of 101.3% from the April 30th total of 191,269 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 592,833 shares, the short-interest ratio is presently 0.6 days.

CaixaBank Stock Performance

Shares of CaixaBank stock opened at $4.45 on Monday. The firm has a fifty day simple moving average of $4.12 and a 200-day simple moving average of $4.02. CaixaBank has a 1-year low of $2.74 and a 1-year high of $4.52.

Analyst Upgrades and Downgrades

Several analysts have commented on CAIXY shares. Citigroup reissued a “buy” rating on shares of CaixaBank in a research report on Thursday, May 7th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of CaixaBank in a research report on Tuesday, May 12th. Barclays raised shares of CaixaBank from a “hold” rating to an “overweight” rating in a research report on Wednesday, April 15th. Finally, Royal Bank Of Canada reissued a “sector perform” rating on shares of CaixaBank in a research report on Friday, May 1st. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold”.

CaixaBank Company Profile

CaixaBank (OTCMKTS: CAIXY) is a major Spanish banking group that provides a broad range of financial products and services to retail, corporate and institutional clients. The company’s operations encompass traditional banking activities such as deposit-taking, consumer and mortgage lending, payment and card services, and corporate banking, alongside wealth management, private banking, insurance and asset-management businesses. CaixaBank also offers investment-banking-related services and specialized financing solutions including leasing, factoring and trade finance through its group structure and subsidiaries.

The bank traces its origins to the Catalan savings bank “la Caixa” and has evolved into a commercial banking group through organic growth and strategic acquisitions.