Banco BPM S.p.A. (OTCMKTS:BNCZF) Sees Significant Growth in Short Interest

Banco BPM S.p.A. (OTCMKTS:BNCZFGet Free Report) was the recipient of a large increase in short interest in the month of January. As of January 15th, there was short interest totalling 24,142,200 shares, an increase of 5.8% from the December 31st total of 22,828,800 shares. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is presently ∞ days.

Banco BPM Price Performance

OTCMKTS BNCZF opened at $5.70 on Wednesday. The company has a fifty day simple moving average of $5.70 and a 200 day simple moving average of $4.57. Banco BPM has a 1 year low of $4.37 and a 1 year high of $5.70.

Analysts Set New Price Targets

Separately, Morgan Stanley initiated coverage on shares of Banco BPM in a research note on Thursday, October 5th. They issued an “overweight” rating on the stock.

Read Our Latest Analysis on BNCZF

About Banco BPM

(Get Free Report)

Banco BPM S.p.A., together with its subsidiaries, provides banking and financial products and services to individual, business, and corporate customers in Italy. It offers current account and digital services; home, personal, heritage, multi-risk, and car and vehicle insurance; credit, debit, and prepaid cards; deposit paper; trading and mobile platform; web platform; home and subrogation mortgagees; long term car rental; personal loans; and mutual investment funds, insurance investment products, saving, and social security products.

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