Short Interest in Intesa Sanpaolo SpA (OTCMKTS:ISNPY) Rises By 94.9%

Intesa Sanpaolo SpA (OTCMKTS:ISNPY) was the recipient of a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 263,893 shares, a growth of 94.9% from the May 14th total of 135,397 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 412,178 shares, the short-interest ratio is currently 0.6 days.

Intesa Sanpaolo Stock Up 3.0%

Shares of ISNPY traded up $1.24 during midday trading on Tuesday, reaching $42.15. 21,148 shares of the stock were exchanged, compared to its average volume of 410,662. Intesa Sanpaolo has a 12-month low of $32.84 and a 12-month high of $43.62. The firm has a 50 day simple moving average of $40.05 and a 200-day simple moving average of $40.00. The company has a market cap of $122.79 billion, a price-to-earnings ratio of 11.33 and a beta of 0.79.

Intesa Sanpaolo (OTCMKTS:ISNPY) last posted its quarterly earnings results on Friday, April 3rd. The financial services provider reported $0.70 earnings per share for the quarter. Intesa Sanpaolo had a return on equity of 14.10% and a net margin of 25.19%.The company had revenue of $8.23 billion during the quarter.

Analysts Set New Price Targets

Several brokerages have weighed in on ISNPY. Kepler Capital Markets raised Intesa Sanpaolo from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 1st. Morgan Stanley reaffirmed an “overweight” rating on shares of Intesa Sanpaolo in a research note on Thursday, April 16th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Intesa Sanpaolo has a consensus rating of “Moderate Buy”.

Intesa Sanpaolo Company Profile

Intesa Sanpaolo is an Italian banking group formed in 2007 through the merger of Banca Intesa and Sanpaolo IMI. The group is one of Italy’s largest financial institutions, serving a wide range of clients from individual retail customers to large corporations and institutional investors. Its long heritage traces to several regional banks and savings institutions that became part of the consolidated group, giving it a prominent role in the Italian financial system.

The company operates across multiple business lines, including retail banking (current accounts, deposits, mortgages and consumer loans), corporate and investment banking (cash management, lending, capital markets and advisory), private banking and wealth management, asset management and insurance.