Intesa Sanpaolo SpA (OTCMKTS:ISNPY) Short Interest Up 94.9% in May

Intesa Sanpaolo SpA (OTCMKTS:ISNPY) was the target of a significant growth in short interest in 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. Based on an average daily trading volume, of 412,178 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.0% of the company’s stock are sold short.

Wall Street Analyst Weigh In

ISNPY has been the subject of a number of recent analyst reports. Morgan Stanley reissued an “overweight” rating on shares of Intesa Sanpaolo in a research report on Thursday, April 16th. Kepler Capital Markets raised shares of Intesa Sanpaolo from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 1st. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Intesa Sanpaolo Price Performance

ISNPY traded up $0.83 during trading hours on Friday, hitting $40.59. 129,281 shares of the stock were exchanged, compared to its average volume of 202,957. The stock has a 50-day simple moving average of $39.97 and a 200-day simple moving average of $39.98. Intesa Sanpaolo has a 12 month low of $32.84 and a 12 month high of $43.62. The stock has a market cap of $118.25 billion, a price-to-earnings ratio of 10.91 and a beta of 0.79.

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

About Intesa Sanpaolo

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.