UniCredit S.p.A. Unsponsored ADR (OTCMKTS:UNCRY) Sees Large Growth in Short Interest

UniCredit S.p.A. Unsponsored ADR (OTCMKTS:UNCRY) saw a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 131,672 shares, a growth of 68.8% from the May 14th total of 78,018 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 548,663 shares, the days-to-cover ratio is presently 0.2 days.

UniCredit Stock Up 1.8%

OTCMKTS:UNCRY opened at $43.15 on Tuesday. UniCredit has a twelve month low of $31.41 and a twelve month high of $47.14. The business has a 50 day moving average price of $40.77 and a two-hundred day moving average price of $40.58.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Erste Group Bank downgraded UniCredit from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 2nd. Morgan Stanley reaffirmed an “overweight” rating on shares of UniCredit in a research report on Wednesday, May 6th. Finally, Zacks Research raised UniCredit from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 20th. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy”.

About UniCredit

UniCredit S.p.A. is an international banking group headquartered in Milan, Italy, offering a broad range of banking and financial services to retail, corporate and institutional clients. The firm operates as a universal bank, combining traditional deposit-taking and lending with capital markets activities, transaction banking and advisory services. UniCredit provides consumer and commercial loans, mortgage financing, deposit accounts, payment and card services, and wealth management solutions for private clients.

On the corporate and institutional side, UniCredit offers relationship banking, corporate lending, trade and export finance, cash management, custody and securities services, and investment banking capabilities including debt and equity capital markets and structured finance.