Short Interest in UniCredit S.p.A. (OTCMKTS:UNCFF) Expands By 49.5%

UniCredit S.p.A. (OTCMKTS:UNCFF) was the target of a significant increase in short interest in July. As of July 15th, there was short interest totalling 1,244,100 shares, an increase of 49.5% from the June 30th total of 832,100 shares. Based on an average trading volume of 1,200 shares, the days-to-cover ratio is currently 1,036.8 days.

Analysts Set New Price Targets

Separately, Berenberg Bank raised shares of UniCredit to a “strong-buy” rating in a research note on Thursday, May 9th.

UniCredit Stock Performance

UniCredit stock traded down $1.79 during midday trading on Friday, reaching $40.69. The stock had a trading volume of 700 shares, compared to its average volume of 1,172. The company has a fifty day moving average price of $39.03 and a two-hundred day moving average price of $36.05. UniCredit has a 12 month low of $22.65 and a 12 month high of $42.48.

UniCredit Company Profile

UniCredit S.p.A. provides commercial banking services in Italy, Germany, Central Europe, and Eastern Europe. It offers retail, private, and wealth management solutions; and institutional investor solutions. The company also provides corporate finance advisory, rating advisory, financial sponsor, patient capital, capital structure advisory, and finance solutions, as well as securities services.