Banco BPM S.p.A. (OTCMKTS:BNCZF) Short Interest Update

Banco BPM S.p.A. (OTCMKTS:BNCZF) was the target of a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 11,475,650 shares, an increase of 63.2% from the June 30th total of 7,031,332 shares. Based on an average daily volume of 536 shares, the days-to-cover ratio is presently 21,409.8 days.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Banco BPM in a report on Friday, July 10th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Banco BPM Stock Performance

Shares of Banco BPM stock opened at $17.10 on Friday. The stock has a fifty day simple moving average of $16.57 and a 200 day simple moving average of $15.48. Banco BPM has a 12-month low of $11.75 and a 12-month high of $17.42.

About Banco BPM

Banco BPM S.p.A. (OTCMKTS:BNCZF) is a leading Italian banking group formed on January 1, 2017, through the merger of Banco Popolare and Banca Popolare di Milano. Headquartered in Milan and Verona, the group ranks among Italy’s largest lenders and focuses on serving retail, corporate and institutional clients with a full suite of banking and financial services.

The bank’s core businesses include retail banking—offering current accounts, savings products, mortgages, consumer loans and payment services—alongside corporate and SME financing, cash management, trade finance and structured lending.