Intesa Sanpaolo SpA (OTCMKTS:ISNPY) Sees Significant Drop in Short Interest

Intesa Sanpaolo SpA (OTCMKTS:ISNPY) saw a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 76,644 shares, a decrease of 71.0% from the May 31st total of 263,893 shares. Based on an average trading volume of 404,621 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on ISNPY shares. Morgan Stanley reiterated an “overweight” rating on shares of Intesa Sanpaolo in a report on Thursday, April 16th. Kepler Capital Markets upgraded Intesa Sanpaolo from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 1st. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Intesa Sanpaolo Stock Down 0.8%

ISNPY traded down $0.32 during trading on Friday, reaching $40.76. 438,583 shares of the stock traded hands, compared to its average volume of 293,475. The stock’s 50-day moving average is $40.52 and its 200 day moving average is $40.14. Intesa Sanpaolo has a 12 month low of $33.93 and a 12 month high of $43.62. The stock has a market capitalization of $118.74 billion, a PE ratio of 10.96 and a beta of 0.78.

Intesa Sanpaolo (OTCMKTS:ISNPY) last posted its quarterly earnings data on Friday, April 3rd. The financial services provider reported $0.70 earnings per share for the quarter. The firm had revenue of $8.23 billion during the quarter. Intesa Sanpaolo had a return on equity of 14.10% and a net margin of 25.19%. As a group, equities research analysts anticipate that Intesa Sanpaolo will post 4.25 EPS for the current year.

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.