Intesa Sanpaolo SpA (OTCMKTS:ISNPY) Short Interest Down 68.2% in July

Intesa Sanpaolo SpA (OTCMKTS:ISNPY) was the recipient of a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 52,700 shares, a drop of 68.2% from the July 15th total of 165,613 shares. Based on an average daily trading volume, of 335,624 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the shares of the company are sold short.

Intesa Sanpaolo Stock Up 0.6%

ISNPY stock traded up $0.31 on Friday, reaching $48.04. 186,553 shares of the company’s stock were exchanged, compared to its average volume of 364,052. The stock has a fifty day moving average of $43.17 and a 200-day moving average of $40.84. The firm has a market cap of $141.58 billion, a PE ratio of 12.91 and a beta of 0.79. Intesa Sanpaolo has a twelve month low of $34.06 and a twelve month high of $48.12.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Morgan Stanley restated an “overweight” rating on shares of Intesa Sanpaolo in a research report on Thursday, April 16th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Intesa Sanpaolo in a report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy”.

Intesa Sanpaolo Company Profile

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.