CaixaBank, S.A. Unsponsored ADR (OTCMKTS:CAIXY) Short Interest Up 270.9% in April

CaixaBank, S.A. Unsponsored ADR (OTCMKTS:CAIXY) was the recipient of a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 191,269 shares, a growth of 270.9% from the April 15th total of 51,562 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 735,020 shares, the short-interest ratio is presently 0.3 days.

CaixaBank Stock Performance

Shares of CaixaBank stock remained flat at $4.18 on Friday. 45,878 shares of the stock were exchanged, compared to its average volume of 500,852. The firm’s 50 day simple moving average is $4.01 and its 200 day simple moving average is $3.96. CaixaBank has a 12 month low of $2.70 and a 12 month high of $4.52.

Analyst Upgrades and Downgrades

CAIXY has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of CaixaBank in a report on Tuesday. Barclays raised shares of CaixaBank from a “hold” rating to an “overweight” rating in a report on Wednesday, April 15th. Royal Bank Of Canada reissued a “sector perform” rating on shares of CaixaBank in a report on Friday, May 1st. Finally, Citigroup reissued a “buy” rating on shares of CaixaBank in a report on Thursday, May 7th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold”.

CaixaBank Company Profile

CaixaBank (OTCMKTS: CAIXY) is a major Spanish banking group that provides a broad range of financial products and services to retail, corporate and institutional clients. The company’s operations encompass traditional banking activities such as deposit-taking, consumer and mortgage lending, payment and card services, and corporate banking, alongside wealth management, private banking, insurance and asset-management businesses. CaixaBank also offers investment-banking-related services and specialized financing solutions including leasing, factoring and trade finance through its group structure and subsidiaries.

The bank traces its origins to the Catalan savings bank “la Caixa” and has evolved into a commercial banking group through organic growth and strategic acquisitions.