Short Interest in Banco de Sabadell, S.A. (OTCMKTS:BNDSY) Increases By 470.5%

Banco de Sabadell, S.A. (OTCMKTS:BNDSY) was the target of a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 6,401 shares, a growth of 470.5% from the July 30th total of 1,122 shares. Based on an average daily volume of 7,794 shares, the days-to-cover ratio is currently 0.8 days.

Banco de Sabadell Price Performance

OTCMKTS BNDSY opened at $8.99 on Wednesday. The company has a fifty day simple moving average of $7.71 and a 200 day simple moving average of $7.54. Banco de Sabadell has a 12-month low of $6.15 and a 12-month high of $8.99.

About Banco de Sabadell

Grupo Banco Sabadell SA, traded in the U.S. on the OTC market under the symbol BNDSY, is a diversified banking group headquartered in Alicante, Spain, with roots dating back to its founding in 1881 in the city of Sabadell. The bank provides a full range of financial services, including retail and commercial lending, deposit accounts, mortgages, credit and debit card programs, leasing, factoring, and consumer finance. It also offers corporate and investment banking solutions such as syndicated loans, debt issuance, trade finance, and foreign exchange services.

Over its history, Banco Sabadell has grown through a series of domestic and international acquisitions, establishing itself as one of Spain’s leading financial institutions.