Banco de Sabadell, S.A. (OTCMKTS:BNDSY) Sees Significant Increase in Short Interest

Banco de Sabadell, S.A. (OTCMKTS:BNDSY) was the recipient of a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 6,401 shares, an increase of 470.5% from the July 30th total of 1,122 shares. Based on an average daily trading volume, of 7,794 shares, the days-to-cover ratio is presently 0.8 days.

Banco de Sabadell Stock Performance

OTCMKTS:BNDSY opened at $8.84 on Friday. Banco de Sabadell has a 12-month low of $6.15 and a 12-month high of $8.99. The stock’s 50 day moving average price is $7.77 and its two-hundred day moving average price is $7.56.

Banco de Sabadell Company Profile

Grupo Banco Sabadell SA, traded in the U.S. on the OTC market under the symbol BNDSY, is a diversified banking group headquartered in Alicante, Spain, with roots dating back to its founding in 1881 in the city of Sabadell. The bank provides a full range of financial services, including retail and commercial lending, deposit accounts, mortgages, credit and debit card programs, leasing, factoring, and consumer finance. It also offers corporate and investment banking solutions such as syndicated loans, debt issuance, trade finance, and foreign exchange services.

Over its history, Banco Sabadell has grown through a series of domestic and international acquisitions, establishing itself as one of Spain’s leading financial institutions.