Intesa Sanpaolo SpA (OTCMKTS:ISNPY) Stock Short Interest Declines 40.3%

Intesa Sanpaolo SpA (OTCMKTS:ISNPY) was the target of a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 96,122 shares, a decrease of 40.3% from the September 30th total of 160,990 shares. Based on an average daily volume of 395,068 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the shares of the stock are short sold.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada restated an “outperform” rating on shares of Intesa Sanpaolo in a research note on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Intesa Sanpaolo currently has an average rating of “Moderate Buy”.

Intesa Sanpaolo Price Performance

Shares of OTCMKTS:ISNPY traded up $0.44 during trading on Monday, reaching $40.02. 242,495 shares of the stock were exchanged, compared to its average volume of 322,499. The firm has a market cap of $117.94 billion, a price-to-earnings ratio of 10.29 and a beta of 0.81. The stock has a fifty day moving average of $44.25 and a two-hundred day moving average of $41.90. Intesa Sanpaolo has a 1-year low of $34.06 and a 1-year high of $48.42.

About Intesa Sanpaolo

Intesa Sanpaolo S.p.A. is an Italian banking group headquartered in Turin, Italy, and one of the country’s major financial institutions. The group was created in 2007 through the merger of Banca Intesa and Sanpaolo IMI, combining their banking, wealth management and corporate finance operations.

Intesa Sanpaolo provides retail and commercial banking services, including current accounts, lending, mortgages, payment services and savings products. Its other activities include corporate and investment banking, private banking, asset management, insurance and wealth management.