CaixaBank, S.A. Unsponsored ADR (OTCMKTS:CAIXY) Short Interest Update

CaixaBank, S.A. Unsponsored ADR (OTCMKTS:CAIXY) saw a large decrease in short interest in May. As of May 29th, there was short interest totaling 152,016 shares, a decrease of 60.5% from the May 14th total of 384,969 shares. Based on an average daily trading volume, of 713,564 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the company’s stock are sold short.

Analyst Ratings Changes

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

CaixaBank Trading Up 2.2%

Shares of OTCMKTS:CAIXY traded up $0.10 during trading on Friday, hitting $4.58. The stock had a trading volume of 165,501 shares, compared to its average volume of 281,199. CaixaBank has a 12-month low of $2.74 and a 12-month high of $4.58. The stock has a 50-day simple moving average of $4.23 and a two-hundred day simple moving average of $4.08.

About CaixaBank

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.